ClariVest Asset Management LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,905 shares of the construction company’s stock after selling 10,723 shares during the quarter. ClariVest Asset Management LLC’s holdings in United Rentals were worth $25,214,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wesbanco Bank Inc. raised its holdings in United Rentals by 26.2% during the fourth quarter. Wesbanco Bank Inc. now owns 12,616 shares of the construction company’s stock valued at $1,293,000 after acquiring an additional 2,621 shares during the period. Chicago Equity Partners LLC raised its holdings in United Rentals by 7.0% during the fourth quarter. Chicago Equity Partners LLC now owns 6,725 shares of the construction company’s stock valued at $690,000 after acquiring an additional 440 shares during the period. Integrated Investment Consultants LLC raised its holdings in United Rentals by 6.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 1,965 shares of the construction company’s stock valued at $201,000 after acquiring an additional 115 shares during the period. Empire Life Investments Inc. raised its holdings in United Rentals by 95.6% during the fourth quarter. Empire Life Investments Inc. now owns 202,399 shares of the construction company’s stock valued at $20,752,000 after acquiring an additional 98,935 shares during the period. Finally, M&T Bank Corp raised its holdings in United Rentals by 16.3% during the fourth quarter. M&T Bank Corp now owns 8,205 shares of the construction company’s stock valued at $842,000 after acquiring an additional 1,149 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of URI stock opened at $126.29 on Monday. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $190.74. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $10.05 billion, a PE ratio of 7.77, a PEG ratio of 0.37 and a beta of 2.51.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.77 by $0.08. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $3.34 earnings per share. The business’s revenue was up 20.0% compared to the same quarter last year. As a group, analysts predict that United Rentals, Inc. will post 19.31 EPS for the current year.

In other news, Director Shiv Singh bought 390 shares of United Rentals stock in a transaction dated Monday, January 28th. The shares were purchased at an average cost of $124.72 per share, with a total value of $48,640.80. Following the completion of the acquisition, the director now owns 2,803 shares of the company’s stock, valued at approximately $349,590.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 7,343 shares of the business’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $125.66, for a total value of $922,721.38. Following the sale, the executive vice president now directly owns 18,720 shares in the company, valued at $2,352,355.20. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

URI has been the topic of a number of recent analyst reports. Bank of America set a $175.00 price target on United Rentals and gave the company a “buy” rating in a report on Thursday, October 18th. UBS Group set a $180.00 price target on United Rentals and gave the company a “buy” rating in a report on Thursday, October 18th. Macquarie set a $99.00 price target on United Rentals and gave the company a “sell” rating in a report on Thursday, October 18th. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. Finally, Citigroup decreased their price target on United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $157.09.

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United Rentals Company Profile

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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