Alpha Cubed Investments LLC reduced its stake in United Rentals (NYSE:URI) by 0.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 67,653 shares of the construction company’s stock after selling 507 shares during the quarter. United Rentals makes up 1.5% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 27th largest holding. Alpha Cubed Investments LLC’s holdings in United Rentals were worth $11,686,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Gulf International Bank UK Ltd lifted its holdings in United Rentals by 2.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 26,983 shares of the construction company’s stock worth $4,660,000 after purchasing an additional 760 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in United Rentals by 96.9% in the 1st quarter. Teacher Retirement System of Texas now owns 45,359 shares of the construction company’s stock worth $7,835,000 after purchasing an additional 22,327 shares during the last quarter. Signaturefd LLC acquired a new stake in United Rentals in the 1st quarter worth approximately $128,000. Neuberger Berman Group LLC lifted its holdings in United Rentals by 6.9% in the 1st quarter. Neuberger Berman Group LLC now owns 914,478 shares of the construction company’s stock worth $157,957,000 after purchasing an additional 59,266 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in United Rentals by 10.7% in the 1st quarter. Aperio Group LLC now owns 34,295 shares of the construction company’s stock worth $5,924,000 after purchasing an additional 3,321 shares during the last quarter. Hedge funds and other institutional investors own 89.64% of the company’s stock.

Shares of United Rentals opened at $169.48 on Thursday, MarketBeat Ratings reports. United Rentals has a 12 month low of $164.99 and a 12 month high of $166.70. The company has a market cap of $13.84 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 0.57 and a beta of 2.56. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.97 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 18th. The construction company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.53. United Rentals had a return on equity of 39.19% and a net margin of 20.23%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. equities analysts anticipate that United Rentals will post 15.72 earnings per share for the current fiscal year.

United Rentals declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 18th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the construction company to purchase up to 9.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

URI has been the subject of several analyst reports. Bank of America boosted their target price on United Rentals from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Stifel Nicolaus boosted their target price on United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Buckingham Research upped their price target on United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, UBS upped their price target on United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $188.64.

In related news, SVP Jessica Graziano sold 1,635 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $181.25, for a total value of $296,343.75. Following the completion of the transaction, the senior vice president now directly owns 6,457 shares in the company, valued at $1,170,331.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, April 20th. The shares were sold at an average price of $169.00, for a total value of $5,070,000.00. Following the completion of the transaction, the chief executive officer now owns 249,925 shares of the company’s stock, valued at $42,237,325. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,864 shares of company stock valued at $14,991,556. Corporate 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 Pump. The General Rentals segment engages in 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; 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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