20,000 Shares in United Rentals, Inc. (URI) Acquired by UBS Oconnor LLC
UBS Oconnor LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 20,000 shares of the construction company’s stock, valued at approximately $2,051,000.
Several other institutional investors and hedge funds have also made changes to their positions in URI. Doyle Wealth Management bought a new position in shares of United Rentals during the fourth quarter worth approximately $28,000. CSat Investment Advisory L.P. increased its holdings in shares of United Rentals by 160.7% during the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock worth $29,000 after purchasing an additional 172 shares during the period. Rational Advisors LLC increased its holdings in shares of United Rentals by 9,100.0% during the fourth quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock worth $38,000 after purchasing an additional 364 shares during the period. Paradigm Asset Management Co. LLC bought a new position in shares of United Rentals during the third quarter worth approximately $49,000. Finally, Murphy Pohlad Asset Management LLC bought a new position in shares of United Rentals during the fourth quarter worth approximately $51,000. 86.47% of the stock is currently owned by institutional investors.
In other United Rentals news, EVP Craig Adam Pintoff sold 7,343 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.66, for a total value of $922,721.38. Following the sale, the executive vice president now owns 18,720 shares in the company, valued at $2,352,355.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shiv Singh bought 390 shares of the business’s stock in a transaction on Monday, January 28th. The stock was bought at an average price of $124.72 per share, for a total transaction of $48,640.80. Following the transaction, the director now directly owns 2,803 shares of the company’s stock, valued at $349,590.16. The disclosure for this purchase can be found here. Insiders sold 64,347 shares of company stock worth $8,276,837 in the last 90 days. Company insiders own 1.00% of the company’s stock.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.77 by $0.08. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.22 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period last year, the firm posted $3.34 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 19.31 EPS for the current fiscal year.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Friday, December 14th. Barclays started coverage on shares of United Rentals in a research note on Friday, December 14th. They issued an “equal weight” rating and a $130.00 price objective on the stock. Finally, Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. United Rentals currently has a consensus rating of “Hold” and an average price target of $157.09.
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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