Dakota Wealth Management purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,125 shares of the construction company’s stock, valued at approximately $471,000.
Several other institutional investors have also recently made changes to their positions in the company. National Pension Service grew its stake in United Rentals by 9.7% in the fourth quarter. National Pension Service now owns 115,408 shares of the construction company’s stock valued at $15,199,000 after purchasing an additional 10,171 shares during the last quarter. UBS Oconnor LLC acquired a new stake in shares of United Rentals during the fourth quarter worth about $2,051,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of United Rentals by 4,219.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 34,082 shares of the construction company’s stock worth $3,494,000 after purchasing an additional 33,293 shares during the period. Douglas Lane & Associates LLC lifted its holdings in shares of United Rentals by 21.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 18,453 shares of the construction company’s stock worth $1,892,000 after purchasing an additional 3,293 shares during the period. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of United Rentals during the third quarter worth about $49,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.
URI stock traded down $4.34 during trading on Wednesday, reaching $122.39. 1,342,433 shares of the stock traded hands, compared to its average volume of 1,535,620. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $173.00. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 3.31. The company has a market cap of $9.75 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.36 and a beta of 2.56.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.10 by $0.21. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.87 earnings per share. Equities analysts forecast that United Rentals, Inc. will post 19.67 EPS for the current fiscal year.
In related news, Director Michael Kneeland sold 38,580 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.67, for a total value of $5,002,668.60. Following the transaction, the director now owns 230,444 shares in the company, valued at $29,881,673.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jessica Graziano sold 547 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $123.36, for a total value of $67,477.92. Following the completion of the transaction, the chief financial officer now owns 11,247 shares in the company, valued at approximately $1,387,429.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,770 shares of company stock worth $18,049,140. 1.00% of the stock is currently owned by insiders.
URI has been the subject of a number of research reports. ValuEngine raised United Rentals from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. OTR Global downgraded United Rentals to a “positive” rating in a report on Monday, April 1st. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, April 17th. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Finally, Standpoint Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $156.91.
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United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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