Wesbanco Bank Inc. lifted its stake in United Rentals, Inc. (NYSE:URI) by 26.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,616 shares of the construction company’s stock after buying an additional 2,621 shares during the period. Wesbanco Bank Inc.’s holdings in United Rentals were worth $1,293,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of URI. Steward Partners Investment Advisory LLC grew its holdings in United Rentals by 4,219.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 34,082 shares of the construction company’s stock valued at $3,494,000 after purchasing an additional 33,293 shares during the period. Karp Capital Management Corp increased its holdings in United Rentals by 68.8% in the 3rd quarter. Karp Capital Management Corp now owns 11,470 shares of the construction company’s stock worth $1,876,000 after purchasing an additional 4,675 shares in the last quarter. Artemis Investment Management LLP increased its holdings in United Rentals by 33.7% in the 3rd quarter. Artemis Investment Management LLP now owns 381,200 shares of the construction company’s stock worth $62,362,000 after purchasing an additional 95,999 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in United Rentals by 16.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 682,750 shares of the construction company’s stock worth $111,697,000 after purchasing an additional 95,677 shares in the last quarter. Finally, Greenwood Capital Associates LLC acquired a new position in United Rentals in the 3rd quarter worth about $596,000. 96.88% of the stock is currently owned by hedge funds and other institutional investors.
NYSE URI traded up $1.81 during trading hours on Monday, hitting $128.10. 17,606 shares of the company’s stock were exchanged, compared to its average volume of 1,723,982. The stock has a market capitalization of $10.05 billion, a P/E ratio of 7.87, a P/E/G ratio of 0.37 and a beta of 2.51. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $190.74.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.08. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.22 billion. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.34 earnings per share. Equities analysts expect that United Rentals, Inc. will post 19.31 earnings per share for the current year.
In other United Rentals news, EVP Dale A. Asplund sold 11,245 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $125.00, for a total value of $1,405,625.00. Following the completion of the sale, the executive vice president now directly owns 13,010 shares of the company’s stock, valued at $1,626,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 7,343 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $125.66, for a total value of $922,721.38. Following the completion of the sale, the executive vice president now directly owns 18,720 shares of the company’s stock, valued at $2,352,355.20. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of brokerages have issued reports on URI. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a report on Wednesday, January 30th. UBS Group set a $180.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Bank of America set a $175.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 18th. Morgan Stanley decreased their target price on United Rentals from $190.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Citigroup decreased their target price on United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. United Rentals has a consensus rating of “Buy” and an average price target of $157.09.
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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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