Profund Advisors LLC raised its position in United Rentals, Inc. (NYSE:URI) by 20.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,795 shares of the construction company’s stock after purchasing an additional 477 shares during the quarter. Profund Advisors LLC’s holdings in United Rentals were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Nicholas Investment Partners LP increased its stake in shares of United Rentals by 62.4% in the fourth quarter. Nicholas Investment Partners LP now owns 41,222 shares of the construction company’s stock valued at $7,086,000 after purchasing an additional 15,833 shares during the period. MANA Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $223,000. Telemark Asset Management LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $17,191,000. Tocqueville Asset Management L.P. increased its stake in shares of United Rentals by 20.7% in the fourth quarter. Tocqueville Asset Management L.P. now owns 2,912 shares of the construction company’s stock valued at $501,000 after purchasing an additional 500 shares during the period. Finally, Scotia Capital Inc. acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $559,000. Institutional investors own 90.20% of the company’s stock.
URI stock opened at $185.16 on Wednesday. United Rentals, Inc. has a 12 month low of $100.62 and a 12 month high of $190.74. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. The company has a market cap of $15,728.03, a P/E ratio of 11.79, a P/E/G ratio of 0.66 and a beta of 2.53.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 20.27% and a return on equity of 40.20%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.67 earnings per share. research analysts expect that United Rentals, Inc. will post 15.29 EPS for the current fiscal year.
Several equities research analysts have commented on URI shares. Buckingham Research started coverage on shares of United Rentals in a research note on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price target on the stock. Barclays assumed coverage on shares of United Rentals in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $150.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $171.00 price objective on shares of United Rentals in a research note on Thursday, December 14th. Bank of America upgraded shares of United Rentals to a “buy” rating and raised their price objective for the company from $165.00 to $195.00 in a research note on Tuesday, December 19th. Finally, Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $180.18.
In other United Rentals news, EVP Dale A. Asplund sold 11,439 shares of United Rentals stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $185.13, for a total value of $2,117,702.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dale A. Asplund sold 1,229 shares of United Rentals stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total transaction of $231,211.77. Following the completion of the transaction, the executive vice president now owns 16,116 shares in the company, valued at approximately $3,031,903.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,448 shares of company stock worth $18,659,953. 1.20% of the stock is currently owned by company insiders.
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United Rentals Company Profile
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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