Daiwa Securities Group Inc. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 18.9% in the 4th quarter, Holdings Channel reports. The fund owned 49,728 shares of the construction company’s stock after selling 11,614 shares during the period. Daiwa Securities Group Inc.’s holdings in United Rentals were worth $5,099,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in United Rentals by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 56,695 shares of the construction company’s stock worth $8,369,000 after buying an additional 9,048 shares in the last quarter. Schroder Investment Management Group grew its holdings in United Rentals by 163.7% in the 2nd quarter. Schroder Investment Management Group now owns 107,691 shares of the construction company’s stock worth $15,881,000 after buying an additional 66,852 shares in the last quarter. Atria Investments LLC grew its holdings in United Rentals by 127.2% in the 3rd quarter. Atria Investments LLC now owns 5,165 shares of the construction company’s stock worth $845,000 after buying an additional 2,892 shares in the last quarter. DNB Asset Management AS grew its holdings in United Rentals by 2.3% in the 3rd quarter. DNB Asset Management AS now owns 15,346 shares of the construction company’s stock worth $2,511,000 after buying an additional 346 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its holdings in United Rentals by 180.3% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 3,812 shares of the construction company’s stock worth $626,000 after buying an additional 2,452 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Craig Adam Pintoff sold 7,343 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $125.66, for a total transaction of $922,721.38. Following the completion of the sale, the executive vice president now owns 18,720 shares in the company, valued at approximately $2,352,355.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dale A. Asplund sold 11,245 shares of the stock in a transaction on Monday, January 28th. The shares were sold at an average price of $125.00, for a total value of $1,405,625.00. Following the sale, the executive vice president now owns 13,010 shares of the company’s stock, valued at approximately $1,626,250. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of equities analysts recently issued reports on the company. UBS Group set a $180.00 price objective on United Rentals and gave the stock a “buy” rating in a report on Thursday, November 15th. Citigroup decreased their price objective on United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 19th. Morgan Stanley decreased their price objective on United Rentals from $190.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Friday, December 14th. Finally, Royal Bank of Canada decreased their price objective on United Rentals to $188.00 and set an “outperform” rating for the company in a report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $157.09.
Shares of NYSE URI opened at $127.89 on Tuesday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.37 and a beta of 2.51. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $190.74.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.77 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.22 billion. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $3.34 EPS. Equities research analysts forecast that United Rentals, Inc. will post 19.31 earnings per share for the current year.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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