Dimensional Fund Advisors LP reduced its stake in United Rentals, Inc. (NYSE:URI) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 756,486 shares of the construction company’s stock after selling 282,943 shares during the period. Dimensional Fund Advisors LP owned approximately 0.89% of United Rentals worth $104,952,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of URI. IFP Advisors Inc grew its stake in shares of United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after buying an additional 478 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of United Rentals by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 408,417 shares of the construction company’s stock worth $46,033,000 after buying an additional 17,920 shares in the last quarter. State of Wisconsin Investment Board grew its stake in shares of United Rentals by 33.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 75,614 shares of the construction company’s stock worth $8,522,000 after buying an additional 18,750 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of United Rentals by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 394,470 shares of the construction company’s stock worth $44,457,000 after purchasing an additional 23,278 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in shares of United Rentals by 1.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 30,240 shares of the construction company’s stock worth $3,408,000 after purchasing an additional 310 shares during the period. 91.37% of the stock is owned by institutional investors and hedge funds.
In other news, Director Filippo Passerini sold 3,308 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $143.24, for a total value of $473,837.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the completion of the sale, the insider now owns 272,292 shares of the company’s stock, valued at approximately $39,406,098.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,760 shares of company stock valued at $13,873,111. 1.20% of the stock is owned by corporate insiders.
United Rentals, Inc. (NYSE URI) traded up $6.79 during trading on Thursday, reaching $179.99. 1,533,599 shares of the company’s stock traded hands, compared to its average volume of 1,050,000. The stock has a market cap of $15,220.00, a PE ratio of 25.53, a price-to-earnings-growth ratio of 0.74 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. United Rentals, Inc. has a 12 month low of $100.62 and a 12 month high of $179.99.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.27. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 EPS. research analysts predict that United Rentals, Inc. will post 10.52 earnings per share for the current year.
United Rentals announced that its board has approved a stock repurchase plan on Wednesday, October 18th that allows the company to repurchase $373.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
URI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $171.00 price target on shares of United Rentals in a research note on Thursday, December 14th. Bank of America raised shares of United Rentals to a “buy” rating and lifted their price target for the stock from $165.00 to $195.00 in a research note on Tuesday, December 19th. Barclays initiated coverage on shares of United Rentals in a research note on Tuesday, December 12th. They set an “underweight” rating and a $150.00 price target for the company. Finally, Citigroup lifted their price target on shares of United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $155.68.
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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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