KAMES CAPITAL plc Lowers Holdings in United Rentals, Inc. (URI)

KAMES CAPITAL plc lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 37.2% in the third quarter, HoldingsChannel.com reports. The fund owned 6,749 shares of the construction company’s stock after selling 4,006 shares during the quarter. KAMES CAPITAL plc’s holdings in United Rentals were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in United Rentals by 131.1% during the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock valued at $146,992,000 after acquiring an additional 564,954 shares during the period. Morgan Stanley grew its position in United Rentals by 21.6% during the second quarter. Morgan Stanley now owns 755,594 shares of the construction company’s stock valued at $111,539,000 after acquiring an additional 134,101 shares during the period. Bank of Montreal Can purchased a new stake in United Rentals during the second quarter valued at about $111,154,000. Dimensional Fund Advisors LP grew its position in United Rentals by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 732,477 shares of the construction company’s stock valued at $108,130,000 after acquiring an additional 8,936 shares during the period. Finally, Allianz Asset Management GmbH grew its position in United Rentals by 38.5% during the first quarter. Allianz Asset Management GmbH now owns 676,499 shares of the construction company’s stock valued at $116,852,000 after acquiring an additional 188,047 shares during the period. 86.82% of the stock is owned by hedge funds and other institutional investors.

Shares of URI opened at $137.88 on Friday. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 0.57 and a beta of 2.46. United Rentals, Inc. has a 12 month low of $135.68 and a 12 month high of $190.74. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.63 and a current ratio of 0.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 18th. The construction company reported $3.85 EPS for the quarter, topping the Zacks’ consensus estimate of $3.45 by $0.40. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.37 earnings per share. As a group, equities research analysts predict that United Rentals, Inc. will post 16.1 earnings per share for the current fiscal year.

In related news, CEO Michael Kneeland sold 30,000 shares of the business’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 transaction, the chief executive officer now owns 219,925 shares in the company, valued at $34,169,747.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donald C. Roof sold 5,000 shares of the business’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 transaction, the director now owns 12,564 shares in the company, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

URI has been the topic of a number of recent research reports. ValuEngine cut United Rentals from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research cut United Rentals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 19th. UBS Group set a $196.00 price objective on United Rentals and gave the stock a “buy” rating in a research note on Friday, July 13th. Buckingham Research upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Friday, July 13th. Finally, Deutsche Bank set a $158.00 price objective on United Rentals and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. United Rentals presently has an average rating of “Buy” and a consensus target price of $188.73.

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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