Kalos Management Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,559 shares of the construction company’s stock after buying an additional 949 shares during the quarter. Kalos Management Inc.’s holdings in United Rentals were worth $771,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. First Manhattan Co. increased its position in shares of United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after purchasing an additional 967 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of United Rentals during the second quarter valued at approximately $151,000. IFP Advisors Inc increased its position in shares of United Rentals by 40.4% during the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares during the period. Pacer Advisors Inc. increased its position in shares of United Rentals by 8.8% during the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after purchasing an additional 145 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of United Rentals during the third quarter valued at approximately $202,000. Institutional investors own 91.75% of the company’s stock.
Shares of United Rentals, Inc. (NYSE:URI) traded up $1.62 during trading hours on Monday, reaching $164.00. The company’s stock had a trading volume of 1,094,800 shares, compared to its average volume of 1,564,330. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $165.18. The company has a market capitalization of $13,870.00, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.84 and a beta of 2.67. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.27. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 earnings per share. equities research analysts forecast that United Rentals, Inc. will post 10.56 earnings per share for the current fiscal year.
United Rentals declared that its board has approved a share repurchase program on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
A number of analysts have recently issued reports on URI shares. Stifel Nicolaus upgraded United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research report on Friday, August 18th. Jefferies Group reiterated a “buy” rating on shares of United Rentals in a research report on Friday, August 18th. UBS reiterated a “neutral” rating and issued a $125.00 price target on shares of United Rentals in a research report on Sunday, August 20th. ValuEngine upgraded United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $145.57.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $144.72, for a total value of $4,341,600.00. Following the transaction, the insider now owns 272,292 shares of the company’s stock, valued at $39,406,098.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donald C. Roof sold 757 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $159.80, for a total value of $120,968.60. The disclosure for this sale can be found here. In the last three months, insiders sold 69,440 shares of company stock worth $10,055,421. Insiders own 1.20% of the company’s stock.
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About United Rentals
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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