Advisory Research Inc. Decreases Stock Holdings in United Rentals, Inc. (NYSE:URI)

Advisory Research Inc. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,725 shares of the construction company’s stock after selling 478 shares during the quarter. Advisory Research Inc.’s holdings in United Rentals were worth $897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its stake in United Rentals by 3.4% in the first quarter. Mercer Global Advisors Inc. ADV now owns 27,485 shares of the construction company’s stock valued at $9,051,000 after buying an additional 907 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of United Rentals by 30.6% in the first quarter. First Horizon Advisors Inc. now owns 158 shares of the construction company’s stock valued at $50,000 after purchasing an additional 37 shares during the period. Ballentine Partners LLC acquired a new position in shares of United Rentals in the first quarter valued at about $223,000. CIBC World Markets Inc. increased its holdings in shares of United Rentals by 195.9% in the first quarter. CIBC World Markets Inc. now owns 18,598 shares of the construction company’s stock valued at $6,125,000 after purchasing an additional 12,313 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of United Rentals by 45,779.6% in the first quarter. Rockefeller Capital Management L.P. now owns 251,879 shares of the construction company’s stock valued at $82,944,000 after purchasing an additional 251,330 shares during the period. Hedge funds and other institutional investors own 95.69% of the company’s stock.

Several research firms recently commented on URI. Redburn Partners began coverage on United Rentals in a report on Wednesday, February 24th. They set a “buy” rating on the stock. Oppenheimer reaffirmed a “hold” rating on shares of United Rentals in a report on Friday, April 16th. Morgan Stanley raised their target price on United Rentals from $246.00 to $267.00 and gave the stock an “underweight” rating in a report on Friday, April 30th. Robert W. Baird raised their price objective on United Rentals from $350.00 to $368.00 and gave the company an “outperform” rating in a report on Thursday, April 29th. Finally, Barclays raised their target price on United Rentals from $190.00 to $255.00 and gave the company an “underweight” rating in a research report on Tuesday, March 16th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $286.77.

NYSE:URI opened at $303.32 on Friday. United Rentals, Inc. has a 52 week low of $136.51 and a 52 week high of $354.60. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.09 and a quick ratio of 1.03. The company has a fifty day simple moving average of $327.41. The stock has a market capitalization of $21.95 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.15 and a beta of 2.06.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 28th. The construction company reported $3.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.10 by $0.35. United Rentals had a return on equity of 29.36% and a net margin of 10.87%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $3.35 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post 21.02 EPS for the current year.

In related news, CFO Jessica Graziano sold 2,452 shares of the business’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $351.65, for a total transaction of $862,245.80. Following the completion of the transaction, the chief financial officer now directly owns 15,858 shares of the company’s stock, valued at approximately $5,576,465.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

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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