Cubist Systematic Strategies LLC Increases Stake in United Rentals, Inc. (URI)

Cubist Systematic Strategies LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 113.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,968 shares of the construction company’s stock after purchasing an additional 5,299 shares during the period. Cubist Systematic Strategies LLC’s holdings in United Rentals were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in United Rentals by 1,190.0% in the first quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock valued at $111,000 after purchasing an additional 595 shares during the last quarter. Signaturefd LLC purchased a new position in United Rentals in the first quarter valued at about $128,000. Optimum Investment Advisors purchased a new position in United Rentals in the first quarter valued at about $164,000. Wagner Bowman Management Corp purchased a new position in United Rentals in the second quarter valued at about $206,000. Finally, Opera Trading Capital purchased a new position in United Rentals in the second quarter valued at about $221,000. Institutional investors own 86.81% of the company’s stock.

Shares of NYSE URI opened at $168.95 on Monday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 0.59 and a beta of 2.46. United Rentals, Inc. has a fifty-two week low of $126.97 and a fifty-two week high of $190.74.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.40. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $2.37 earnings per share. equities analysts anticipate that United Rentals, Inc. will post 16.05 earnings per share for the current year.

URI has been the topic of several analyst reports. Zacks Investment Research lowered United Rentals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 19th. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $196.00 target price on the stock in a research note on Friday, June 22nd. Buckingham Research upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research note on Friday, July 13th. Bank of America set a $186.00 target price on United Rentals and gave the company a “buy” rating in a research note on Wednesday, July 18th. Finally, Deutsche Bank set a $158.00 target price on United Rentals and gave the company a “hold” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. United Rentals currently has an average rating of “Buy” and an average target price of $185.45.

In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $155.37, for a total value of $4,661,100.00. Following the completion of the sale, the chief executive officer now owns 219,925 shares of the company’s stock, valued at $34,169,747.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total value of $838,900.00. Following the completion of the sale, the director now directly owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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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