Fulton Bank N.A. increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,240 shares of the construction company’s stock after buying an additional 932 shares during the quarter. Fulton Bank N.A.’s holdings in United Rentals were worth $2,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in United Rentals by 4.1% in the second quarter. Vanguard Group Inc. now owns 9,531,812 shares of the construction company’s stock valued at $1,074,330,000 after purchasing an additional 378,365 shares during the last quarter. BlackRock Inc. boosted its holdings in United Rentals by 3.3% in the second quarter. BlackRock Inc. now owns 6,025,017 shares of the construction company’s stock valued at $679,080,000 after purchasing an additional 190,803 shares during the last quarter. State Street Corp boosted its holdings in United Rentals by 15.0% in the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after purchasing an additional 763,469 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in United Rentals by 2.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,178,609 shares of the construction company’s stock valued at $132,841,000 after purchasing an additional 23,895 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in United Rentals by 8.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,073,773 shares of the construction company’s stock valued at $148,976,000 after purchasing an additional 83,014 shares during the last quarter. 91.37% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. Bank of America raised shares of United Rentals to a “buy” rating and upped their price target for the company from $165.00 to $195.00 in a report on Tuesday, December 19th. Stifel Nicolaus reissued a “buy” rating and set a $171.00 target price on shares of United Rentals in a research note on Thursday, December 14th. Barclays began coverage on shares of United Rentals in a research note on Tuesday, December 12th. They set an “underweight” rating and a $150.00 target price on the stock. Buckingham Research began coverage on shares of United Rentals in a research note on Tuesday, November 21st. They set a “neutral” rating and a $154.00 target price on the stock. Finally, Citigroup increased their target price on shares of United Rentals from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $154.18.

Shares of United Rentals, Inc. (URI) opened at $175.19 on Thursday. The company has a market cap of $14,820.00, a PE ratio of 24.85, a price-to-earnings-growth ratio of 0.75 and a beta of 2.67. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. United Rentals, Inc. has a 1-year low of $100.62 and a 1-year high of $175.74.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. United Rentals’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 EPS. equities research analysts expect that United Rentals, Inc. will post 10.56 earnings per share for the current year.

United Rentals announced that its Board of Directors has initiated a share buyback program on Wednesday, October 18th that permits the company to buyback $373.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the completion of the sale, the insider now owns 272,292 shares in the company, valued at approximately $39,406,098.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Singleton B. Mcallister sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $163.67, for a total transaction of $360,074.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,760 shares of company stock valued at $13,873,111. 1.20% of the stock is owned by insiders.

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United Rentals Profile

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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