Penn Capital Management Co. Inc. Sells 7,972 Shares of United Rentals, Inc. (URI)

Penn Capital Management Co. Inc. cut its stake in United Rentals, Inc. (NYSE:URI) by 20.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,278 shares of the construction company’s stock after selling 7,972 shares during the period. Penn Capital Management Co. Inc.’s holdings in United Rentals were worth $5,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of United Rentals by 1.1% in the 4th quarter. BlackRock Inc. now owns 6,041,996 shares of the construction company’s stock worth $1,038,679,000 after buying an additional 63,992 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of United Rentals by 8.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,073,773 shares of the construction company’s stock worth $148,976,000 after buying an additional 83,014 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of United Rentals by 3.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 957,326 shares of the construction company’s stock worth $132,805,000 after buying an additional 28,330 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of United Rentals by 16.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 886,171 shares of the construction company’s stock worth $122,947,000 after buying an additional 126,077 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of United Rentals by 6.4% in the 3rd quarter. American Century Companies Inc. now owns 670,479 shares of the construction company’s stock worth $93,022,000 after buying an additional 40,421 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Buckingham Research raised their price target on United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Bank of America raised their price target on United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada raised their price target on United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus raised their price target on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $179.12.

United Rentals, Inc. (NYSE:URI) opened at $168.02 on Friday. The company has a market capitalization of $14,185.59, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.59 and a beta of 2.60. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. United Rentals, Inc. has a 12-month low of $100.62 and a 12-month high of $189.00.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating the Zacks’ consensus estimate of $3.25 by $0.09. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the company earned $2.67 EPS. equities research analysts predict that United Rentals, Inc. will post 15.38 earnings per share for the current fiscal year.

In other United Rentals news, Director Donald C. Roof sold 757 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jenne K. Britell sold 2,740 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $185.50, for a total value of $508,270.00. The disclosure for this sale can be found here. Insiders sold a total of 79,212 shares of company stock worth $13,856,844 over the last quarter. Corporate 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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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