American International Group Inc. boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,992 shares of the construction company’s stock after acquiring an additional 1,430 shares during the period. American International Group Inc.’s holdings in United Rentals were worth $5,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in URI. Janus Henderson Group PLC lifted its position in United Rentals by 131.1% during the 2nd quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock worth $146,992,000 after acquiring an additional 564,954 shares during the last quarter. Columbus Hill Capital Management L.P. acquired a new position in United Rentals during the 2nd quarter worth $53,143,000. Capital Growth Management LP acquired a new position in United Rentals during the 3rd quarter worth $55,951,000. Hexavest Inc. lifted its position in United Rentals by 88.3% during the 3rd quarter. Hexavest Inc. now owns 382,766 shares of the construction company’s stock worth $62,621,000 after acquiring an additional 179,514 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of United Rentals by 26.2% during the 3rd quarter. American Century Companies Inc. now owns 852,277 shares of the construction company’s stock worth $139,433,000 after purchasing an additional 176,951 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on URI. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. ValuEngine downgraded shares of United Rentals from a “hold” rating to a “sell” rating in a report on Friday, October 12th. UBS Group set a $180.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, November 15th. Citigroup dropped their price objective on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Finally, Bank of America set a $175.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, October 18th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $165.69.

In other United Rentals news, Director Jenne K. Britell bought 435 shares of the stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average price of $115.07 per share, with a total value of $50,055.45. Following the completion of the purchase, the director now directly owns 27,497 shares in the company, valued at approximately $3,164,079.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jose B. Alvarez bought 544 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was acquired at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the purchase, the director now owns 2,413 shares of the company’s stock, valued at $259,276.85. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

NYSE:URI opened at $104.83 on Friday. United Rentals, Inc. has a 52-week low of $102.09 and a 52-week high of $190.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75. The stock has a market cap of $8.62 billion, a PE ratio of 9.90, a P/E/G ratio of 0.37 and a beta of 2.60.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.56 by $0.18. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.25 earnings per share. On average, research analysts expect that United Rentals, Inc. will post 16.23 earnings per share for the current year.

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United Rentals Company Profile

United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.

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

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