First Horizon Advisors Inc. Increases Holdings in United Rentals, Inc. (NYSE:URI)

First Horizon Advisors Inc. lifted its position in United Rentals, Inc. (NYSE:URI) by 394.9% in the third quarter, Holdings Channel reports. The firm owned 678 shares of the construction company’s stock after buying an additional 541 shares during the period. First Horizon Advisors Inc.’s holdings in United Rentals were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in United Rentals by 73.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78 shares of the construction company’s stock worth $25,000 after buying an additional 33 shares during the period. Global Retirement Partners LLC increased its position in shares of United Rentals by 33.0% during the third quarter. Global Retirement Partners LLC now owns 125 shares of the construction company’s stock worth $44,000 after purchasing an additional 31 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of United Rentals by 105.9% during the third quarter. Parkside Financial Bank & Trust now owns 140 shares of the construction company’s stock worth $49,000 after purchasing an additional 72 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of United Rentals by 32.8% during the second quarter. Penserra Capital Management LLC now owns 235 shares of the construction company’s stock worth $74,000 after purchasing an additional 58 shares in the last quarter. Finally, Berman Capital Advisors LLC increased its position in shares of United Rentals by 17.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 286 shares of the construction company’s stock valued at $90,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

United Rentals stock opened at $327.82 on Friday. United Rentals, Inc. has a 12-month low of $228.22 and a 12-month high of $414.99. The stock has a market cap of $23.73 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.68. The company has a fifty day simple moving average of $349.41 and a 200-day simple moving average of $344.70.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 27th. The construction company reported $6.58 earnings per share for the quarter, missing analysts’ consensus estimates of $6.80 by ($0.22). United Rentals had a net margin of 13.04% and a return on equity of 28.88%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the firm earned $5.40 earnings per share. United Rentals’s revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts forecast that United Rentals, Inc. will post 21.86 earnings per share for the current fiscal year.

Several brokerages have weighed in on URI. KeyCorp increased their price target on United Rentals from $405.00 to $455.00 and gave the stock an “overweight” rating in a research report on Friday, October 29th. Robert W. Baird downgraded shares of United Rentals from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $439.00 to $317.00 in a report on Tuesday, December 21st. Barclays raised their price target on shares of United Rentals from $290.00 to $300.00 and gave the stock an “underweight” rating in a report on Thursday. Citigroup lifted their target price on shares of United Rentals from $400.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Rentals from $402.00 to $384.00 and set a “hold” rating for the company in a report on Friday, December 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $364.70.

In other United Rentals news, Director Jose B. Alvarez sold 925 shares of United Rentals stock in a transaction on Friday, October 29th. The shares were sold at an average price of $375.80, for a total value of $347,615.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.42% of the company’s stock.

United Rentals Profile

United Rentals, Inc engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The firm operates through two business segments: General Rentals; and Trench, Power & Fluid Solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities.

See Also: What is an economic bubble?

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.