Daiwa Securities Group Inc. cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 49.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 111,463 shares of the construction company’s stock after selling 110,358 shares during the period. Daiwa Securities Group Inc.’s holdings in United Rentals were worth $19,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in United Rentals by 4,154.0% in the second quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock valued at $62,273,000 after acquiring an additional 539,522 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in United Rentals by 3,873.0% in the third quarter. Assenagon Asset Management S.A. now owns 189,670 shares of the construction company’s stock valued at $26,315,000 after acquiring an additional 184,896 shares in the last quarter. Victory Capital Management Inc. boosted its stake in United Rentals by 42.9% in the third quarter. Victory Capital Management Inc. now owns 565,560 shares of the construction company’s stock valued at $78,466,000 after acquiring an additional 169,774 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in United Rentals by 1,591,311.1% in the third quarter. ClariVest Asset Management LLC now owns 143,227 shares of the construction company’s stock valued at $19,872,000 after acquiring an additional 143,218 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in United Rentals by 16.6% in the third quarter. Neuberger Berman Group LLC now owns 886,171 shares of the construction company’s stock valued at $122,947,000 after acquiring an additional 126,077 shares in the last quarter. Hedge funds and other institutional investors own 90.07% of the company’s stock.

United Rentals, Inc. (NYSE:URI) opened at $164.26 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. United Rentals, Inc. has a fifty-two week low of $100.62 and a fifty-two week high of $189.00. The stock has a market cap of $14,090.00, a price-to-earnings ratio of 10.46, a P/E/G ratio of 0.61 and a beta of 2.60.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.25 by $0.09. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $2.67 earnings per share. The firm’s revenue was up 26.2% compared to the same quarter last year. analysts forecast that United Rentals, Inc. will post 15.38 EPS for the current year.

United Rentals declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 18th that allows the company to buyback $373.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In related news, Director Jenne K. Britell sold 3,250 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $153.81, for a total transaction of $499,882.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dale A. Asplund sold 11,439 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $185.13, for a total transaction of $2,117,702.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,212 shares of company stock valued at $13,856,844. 1.20% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on URI shares. Stifel Nicolaus raised their price target on shares of United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Citigroup raised their price target on shares of United Rentals from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Bank of America set a $165.00 price target on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $194.00 price target on shares of United Rentals in a report on Thursday, January 11th. Finally, Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $179.12.

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About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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