Huntington National Bank reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 24.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 946 shares of the construction company’s stock after selling 302 shares during the quarter. Huntington National Bank’s holdings in United Rentals were worth $108,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Oregon Public Employees Retirement Fund lifted its position in shares of United Rentals by 8,780.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock worth $62,000 after purchasing an additional 6,251,317 shares in the last quarter. Norges Bank acquired a new stake in United Rentals in the fourth quarter valued at $76,188,000. Amundi Pioneer Asset Management Inc. raised its holdings in United Rentals by 37.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock valued at $243,539,000 after acquiring an additional 641,130 shares in the last quarter. Anchor Bolt Capital LP acquired a new stake in United Rentals in the fourth quarter valued at $60,853,000. Finally, Chiron Investment Management LLC acquired a new stake in United Rentals in the fourth quarter valued at $28,117,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on URI shares. Zacks Investment Research reaffirmed a “hold” rating and issued a $114.00 price target on shares of United Rentals in a report on Monday, December 31st. OTR Global cut shares of United Rentals to a “positive” rating in a report on Monday, April 1st. Finally, Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $155.36.
United Rentals stock opened at $126.05 on Wednesday. The stock has a market cap of $9.85 billion, a PE ratio of 7.75, a PEG ratio of 0.37 and a beta of 2.49. 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 one year low of $94.28 and a one year high of $181.66.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.77 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.22 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The company’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 earnings per share. Equities research analysts predict that United Rentals, Inc. will post 19.31 EPS for the current year.
In other news, EVP Paul I. Mcdonnell sold 10,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the transaction, the executive vice president now owns 22,285 shares in the company, valued at $2,798,773.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shiv Singh purchased 390 shares of the stock in a transaction dated Monday, January 28th. The shares were purchased at an average price of $124.72 per share, with a total value of $48,640.80. Following the transaction, the director now directly owns 2,803 shares of the company’s stock, valued at approximately $349,590.16. The disclosure for this purchase can be found here. Insiders have sold 64,347 shares of company stock valued at $8,276,837 in the last 90 days. Insiders own 1.00% of the company’s stock.
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 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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