Robeco Institutional Asset Management B.V. Has $9.14 Million Stake in United Rentals (URI)

Robeco Institutional Asset Management B.V. lessened its position in United Rentals (NYSE:URI) by 16.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 52,910 shares of the construction company’s stock after selling 10,077 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in United Rentals were worth $9,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of URI. Atria Investments LLC bought a new position in shares of United Rentals in the fourth quarter worth approximately $246,000. National Pension Service lifted its stake in shares of United Rentals by 3.0% in the fourth quarter. National Pension Service now owns 101,129 shares of the construction company’s stock worth $17,385,000 after buying an additional 2,921 shares in the last quarter. Creative Planning lifted its stake in shares of United Rentals by 9.3% in the fourth quarter. Creative Planning now owns 6,274 shares of the construction company’s stock worth $1,079,000 after buying an additional 536 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of United Rentals by 74.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 5,237 shares of the construction company’s stock worth $900,000 after buying an additional 2,231 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of United Rentals by 7.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 441,440 shares of the construction company’s stock worth $75,888,000 after buying an additional 28,709 shares in the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

In other United Rentals news, SVP Jessica Graziano sold 1,635 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $181.25, for a total transaction of $296,343.75. Following the completion of the sale, the senior vice president now directly owns 6,457 shares of the company’s stock, valued at $1,170,331.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dale A. Asplund sold 1,229 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $188.13, for a total transaction of $231,211.77. Following the sale, the executive vice president now directly owns 16,116 shares of the company’s stock, valued at $3,031,903.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,864 shares of company stock valued at $14,991,556. 1.00% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on URI shares. Bank of America lowered their price objective on shares of United Rentals from $230.00 to $186.00 and set a “buy” rating on the stock in a research report on Thursday, May 3rd. ValuEngine upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Stifel Nicolaus increased their price objective on shares of United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Royal Bank of Canada increased their price objective on shares of United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Buckingham Research increased their price objective on shares of United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $188.64.

Shares of URI stock opened at $169.82 on Friday. United Rentals has a 12 month low of $100.62 and a 12 month high of $190.74. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.58 and a beta of 2.56. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.97 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 18th. The construction company reported $2.87 EPS for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.53. United Rentals had a net margin of 20.23% and a return on equity of 39.19%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. research analysts predict that United Rentals will post 15.72 earnings per share for the current year.

United Rentals announced that its Board of Directors has approved a share buyback plan on Wednesday, April 18th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the construction company to purchase up to 9.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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