Mackay Shields LLC Trims Position in United Rentals, Inc. (URI)

Mackay Shields LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,474 shares of the construction company’s stock after selling 29,626 shares during the quarter. Mackay Shields LLC’s holdings in United Rentals were worth $13,993,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its position in United Rentals by 8,780.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock valued at $62,000 after purchasing an additional 6,251,317 shares during the last quarter. BlackRock Inc. raised its position in United Rentals by 2.6% in the 4th quarter. BlackRock Inc. now owns 5,930,671 shares of the construction company’s stock valued at $608,071,000 after purchasing an additional 148,206 shares during the last quarter. JPMorgan Chase & Co. raised its position in United Rentals by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,872,326 shares of the construction company’s stock valued at $306,312,000 after purchasing an additional 112,939 shares during the last quarter. Geode Capital Management LLC raised its position in United Rentals by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,063,797 shares of the construction company’s stock valued at $108,880,000 after purchasing an additional 63,099 shares during the last quarter. Finally, PointState Capital LP purchased a new stake in United Rentals in the 3rd quarter valued at $169,517,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Shares of United Rentals stock opened at $120.14 on Friday. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.37 and a beta of 2.52. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.19. United Rentals, Inc. has a one year low of $94.28 and a one year high of $190.30.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 23rd. The construction company reported $4.85 EPS for the quarter, topping the Zacks’ consensus estimate of $4.77 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.22 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. United Rentals’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.34 EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 19.31 earnings per share for the current year.

Several analysts recently commented on the stock. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Wednesday, January 30th. Finally, Barclays assumed coverage on shares of United Rentals in a research report on Friday, December 14th. They set an “equal weight” rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $157.09.

In other news, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total value of $3,981,900.00. Following the completion of the transaction, the chief executive officer now owns 202,237 shares in the company, valued at approximately $26,842,917.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig Adam Pintoff sold 7,343 shares of the stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $125.66, for a total transaction of $922,721.38. Following the completion of the transaction, the executive vice president now owns 18,720 shares of the company’s stock, valued at approximately $2,352,355.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,347 shares of company stock valued at $8,276,837. 1.00% of the stock is owned by insiders.

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United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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