Robeco Institutional Asset Management B.V. Decreases Stake in United Rentals, Inc. (URI)

Robeco Institutional Asset Management B.V. lessened its position in United Rentals, Inc. (NYSE:URI) by 62.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,360 shares of the construction company’s stock after selling 46,181 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in United Rentals were worth $4,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Principal Financial Group Inc. boosted its holdings in United Rentals by 0.4% during the first quarter. Principal Financial Group Inc. now owns 131,780 shares of the construction company’s stock worth $22,763,000 after purchasing an additional 525 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings 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 worth $116,852,000 after purchasing an additional 188,047 shares during the last quarter. DnB Asset Management AS acquired a new position in United Rentals during the second quarter worth $2,214,000. IFM Investors Pty Ltd boosted its holdings in United Rentals by 38.7% during the second quarter. IFM Investors Pty Ltd now owns 4,537 shares of the construction company’s stock worth $670,000 after purchasing an additional 1,267 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its holdings in United Rentals by 3.9% during the second quarter. YHB Investment Advisors Inc. now owns 19,068 shares of the construction company’s stock worth $2,815,000 after purchasing an additional 712 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

A number of analysts have commented on URI shares. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a research note on Tuesday, September 18th. UBS Group set a $196.00 price target on shares of United Rentals and gave the company a “buy” rating in a research note on Tuesday, August 14th. Bank of America set a $200.00 price target on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, September 13th. ValuEngine cut shares of United Rentals from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Finally, Deutsche Bank set a $158.00 price target on shares of United Rentals and gave the company a “hold” rating in a research note on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and an average price target of $169.92.

In related news, Director Jenne K. Britell acquired 435 shares of the company’s stock in a transaction dated Monday, October 22nd. The shares were bought at an average cost of $115.07 per share, with a total value of $50,055.45. Following the completion of the transaction, the director now directly owns 27,497 shares of the company’s stock, valued at $3,164,079.79. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jose B. Alvarez acquired 544 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was bought at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the completion of the transaction, the director now directly owns 2,413 shares of the company’s stock, valued at $259,276.85. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Shares of URI stock opened at $125.14 on Monday. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.44 and a beta of 2.61. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 2.75. United Rentals, Inc. has a one year low of $106.48 and a one year high of $190.74.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.25 earnings per share. As a group, equities research analysts predict that United Rentals, Inc. will post 16.17 earnings per share for the current fiscal year.

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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