United Rentals, Inc. (URI) Stake Cut by Goodnow Investment Group LLC
Goodnow Investment Group LLC cut its stake in United Rentals, Inc. (NYSE:URI) by 49.1% during the fourth quarter, Holdings Channel reports. The firm owned 66,768 shares of the company’s stock after selling 64,297 shares during the period. United Rentals comprises 1.6% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 19th largest position. Goodnow Investment Group LLC owned approximately 0.08% of United Rentals worth $7,049,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the company’s stock valued at $138,000 after buying an additional 800 shares during the last quarter. Assetmark Inc. increased its position in United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock valued at $105,000 after buying an additional 272 shares during the last quarter. Cleararc Capital Inc. bought a new position in United Rentals during the fourth quarter valued at about $215,000. First Interstate Bank increased its position in United Rentals by 127.1% in the fourth quarter. First Interstate Bank now owns 2,201 shares of the company’s stock valued at $232,000 after buying an additional 1,232 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in United Rentals by 407.2% in the third quarter. Toronto Dominion Bank now owns 2,536 shares of the company’s stock valued at $199,000 after buying an additional 2,036 shares during the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.
United Rentals, Inc. (NYSE:URI) traded down 1.02% during trading on Thursday, reaching $127.86. 989,567 shares of the company’s stock were exchanged. The firm has a market cap of $10.78 billion, a P/E ratio of 19.82 and a beta of 2.49. United Rentals, Inc. has a 52-week low of $46.65 and a 52-week high of $131.19. The stock’s 50 day moving average price is $117.20 and its 200 day moving average price is $93.26.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 25th. The company reported $2.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.43. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post $9.13 EPS for the current fiscal year.
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Several research analysts have recently issued reports on URI shares. Axiom Securities restated a “sell” rating on shares of United Rentals in a report on Tuesday, January 31st. Vertical Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Saturday, December 10th. Citigroup Inc. boosted their price objective on shares of United Rentals from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, January 26th. Finally, Jefferies Group LLC boosted their price objective on shares of United Rentals from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, ten 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 a consensus price target of $103.83.
In other news, Director Jenne K. Britell sold 3,200 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $93.96, for a total value of $300,672.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jessica Graziano sold 413 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $103.89, for a total transaction of $42,906.57. Following the completion of the transaction, the vice president now directly owns 6,913 shares in the company, valued at $718,191.57. The disclosure for this sale can be found here. Insiders sold 116,371 shares of company stock worth $13,097,003 over the last three months. Insiders own 1.30% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes 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, general tools and light equipment, such as pressure washers, water pumps and power tools.
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