New Amsterdam Partners LLC NY reduced its stake in United Rentals, Inc. (NYSE:URI) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,191 shares of the construction company’s stock after selling 1,353 shares during the quarter. United Rentals makes up approximately 1.7% of New Amsterdam Partners LLC NY’s investment portfolio, making the stock its 15th biggest position. New Amsterdam Partners LLC NY’s holdings in United Rentals were worth $6,575,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in United Rentals by 31.9% in the 2nd quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock worth $47,046,000 after purchasing an additional 77,055 shares during the period. Nvwm LLC raised its holdings in United Rentals by 1,744.7% in the 2nd quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock worth $335,000 after purchasing an additional 2,146 shares during the period. Canada Pension Plan Investment Board raised its holdings in United Rentals by 116.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock worth $6,403,000 after purchasing an additional 23,366 shares during the period. Hexavest Inc. bought a new position in United Rentals in the 2nd quarter worth $30,004,000. Finally, Arvest Bank Trust Division bought a new position in United Rentals in the 2nd quarter worth $9,294,000. 87.61% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on URI shares. ValuEngine cut United Rentals from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a report on Tuesday, September 18th. UBS Group set a $196.00 price target on United Rentals and gave the company a “buy” rating in a report on Tuesday, August 14th. Bank of America set a $200.00 price target on United Rentals and gave the company a “buy” rating in a report on Thursday, September 13th. Finally, Deutsche Bank set a $158.00 price target on United Rentals and gave the company a “hold” rating in a report on Wednesday, September 5th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $169.92.
NYSE:URI opened at $129.76 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 0.44 and a beta of 2.61. United Rentals, Inc. has a 52 week low of $106.48 and a 52 week high of $190.74.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 EPS for the quarter, beating the Zacks’ consensus estimate of $4.56 by $0.18. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.03 billion. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $3.25 earnings per share. As a group, analysts predict that United Rentals, Inc. will post 16.17 earnings per share for the current fiscal year.
In other news, 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 transaction of $838,900.00. Following the completion of the transaction, the director now owns 12,564 shares in the company, valued at $2,107,987.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jose B. Alvarez acquired 544 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $107.45 per share, with a total value of $58,452.80. Following the transaction, the director now 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 company insiders.
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About United Rentals
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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