Meitav Dash Investments Ltd. Acquires Shares of 35,029 United Rentals, Inc. (NYSE:URI)

Meitav Dash Investments Ltd. acquired a new stake in United Rentals, Inc. (NYSE:URIGet Rating) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 35,029 shares of the construction company’s stock, valued at approximately $12,350,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lincoln National Corp increased its stake in shares of United Rentals by 4.4% during the first quarter. Lincoln National Corp now owns 1,394 shares of the construction company’s stock worth $495,000 after purchasing an additional 59 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of United Rentals by 12.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 38,246 shares of the construction company’s stock worth $13,585,000 after purchasing an additional 4,349 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of United Rentals during the first quarter worth approximately $1,367,000. Arete Wealth Advisors LLC increased its stake in shares of United Rentals by 14.3% during the first quarter. Arete Wealth Advisors LLC now owns 710 shares of the construction company’s stock worth $252,000 after purchasing an additional 89 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of United Rentals by 7.7% during the first quarter. Quadrant Capital Group LLC now owns 476 shares of the construction company’s stock worth $169,000 after purchasing an additional 34 shares during the period. Institutional investors own 89.70% of the company’s stock.

United Rentals Price Performance

URI stock opened at $323.43 on Friday. The company has a market capitalization of $22.64 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.58 and a beta of 1.92. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.97 and a current ratio of 1.07. United Rentals, Inc. has a 52-week low of $230.54 and a 52-week high of $414.99. The business has a 50-day simple moving average of $272.17 and a two-hundred day simple moving average of $302.22.

United Rentals (NYSE:URIGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The construction company reported $7.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $1.29. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.66 EPS. Research analysts expect that United Rentals, Inc. will post 31.03 EPS for the current fiscal year.

Insider Buying and Selling at United Rentals

In other news, CFO Jessica Graziano sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $325.00, for a total value of $317,525.00. Following the transaction, the chief financial officer now owns 21,587 shares in the company, valued at approximately $7,015,775. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Matthew John Flannery sold 19,076 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total transaction of $5,722,800.00. Following the completion of the transaction, the chief executive officer now directly owns 86,964 shares in the company, valued at approximately $26,089,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jessica Graziano sold 977 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $325.00, for a total transaction of $317,525.00. Following the completion of the transaction, the chief financial officer now owns 21,587 shares of the company’s stock, valued at $7,015,775. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Citigroup reduced their price target on United Rentals from $400.00 to $325.00 in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft reduced their price target on United Rentals from $421.00 to $396.00 in a research report on Friday, April 29th. Robert W. Baird increased their price target on United Rentals from $247.00 to $312.00 in a research report on Thursday, July 28th. Finally, Morgan Stanley reduced their target price on United Rentals from $368.00 to $292.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Hold” and a consensus price target of $360.00.

About United Rentals

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

See Also

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

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