Royal London Asset Management Ltd. decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,248 shares of the construction company’s stock after selling 1,727 shares during the period. Royal London Asset Management Ltd.’s holdings in United Rentals were worth $3,913,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of United Rentals by 8,780.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock valued at $62,000 after acquiring an additional 6,251,317 shares in the last quarter. Norges Bank bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $76,188,000. Amundi Pioneer Asset Management Inc. raised its stake in shares of United Rentals by 37.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock valued at $243,539,000 after acquiring an additional 641,130 shares in the last quarter. Anchor Bolt Capital LP bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $60,853,000. Finally, Scout Investments Inc. increased its holdings in United Rentals by 248.9% during the first quarter. Scout Investments Inc. now owns 613,455 shares of the construction company’s stock valued at $70,087,000 after buying an additional 437,638 shares during the period. Hedge funds and other institutional investors own 87.21% of the company’s stock.
In related news, Director Michael Kneeland sold 78,243 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $124.61, for a total transaction of $9,749,860.23. Following the completion of the transaction, the director now owns 223,871 shares in the company, valued at approximately $27,896,565.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jessica Graziano sold 547 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $123.36, for a total transaction of $67,477.92. Following the transaction, the chief financial officer now owns 11,247 shares of the company’s stock, valued at approximately $1,387,429.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,020 shares of company stock valued at $31,757,626. Insiders own 1.00% of the company’s stock.
Several brokerages recently issued reports on URI. ValuEngine raised shares of United Rentals from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Morgan Stanley lifted their price target on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Standpoint Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. United Rentals currently has a consensus rating of “Hold” and a consensus price target of $156.91.
Shares of United Rentals stock traded up $0.83 during trading hours on Wednesday, reaching $115.83. The stock had a trading volume of 1,298,470 shares, compared to its average volume of 1,119,420. The company has a market cap of $9.32 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 0.34 and a beta of 2.56. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $173.00. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.71 and a current ratio of 0.77.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm posted $2.87 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 19.67 EPS for the current year.
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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 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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