United Rentals, Inc. (URI) Shares Bought by Keybank National Association OH
Keybank National Association OH raised its position in shares of United Rentals, Inc. (NYSE:URI) by 20.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,098 shares of the construction company’s stock after acquiring an additional 1,710 shares during the period. Keybank National Association OH’s holdings in United Rentals were worth $1,401,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. First Manhattan Co. boosted its holdings in shares of United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after acquiring an additional 967 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of United Rentals during the second quarter worth approximately $151,000. Huntington National Bank boosted its holdings in shares of United Rentals by 14.2% during the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after acquiring an additional 179 shares during the period. Calamos Advisors LLC acquired a new stake in shares of United Rentals in the third quarter valued at approximately $208,000. Finally, Harbor Advisors LLC acquired a new stake in shares of United Rentals in the third quarter valued at approximately $208,000. Institutional investors own 91.91% of the company’s stock.
In other United Rentals news, COO Matthew John Flannery sold 22,324 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the sale, the chief operating officer now owns 31,243 shares of the company’s stock, valued at $4,606,467.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald C. Roof sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total transaction of $647,775.00. The disclosure for this sale can be found here. Insiders have sold 65,433 shares of company stock worth $9,434,570 in the last ninety days. Insiders own 1.20% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) opened at $146.31 on Monday. 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 one year low of $88.17 and a one year high of $149.45. The firm has a market cap of $12,374.11, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.65.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.27. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. United Rentals’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. analysts forecast that United Rentals, Inc. will post 10.49 EPS for the current year.
United Rentals announced that its Board of Directors has approved a share buyback plan on Wednesday, October 18th that permits the company to buyback $373.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
URI has been the subject of a number of analyst reports. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Wednesday, September 20th. Citigroup Inc. lifted their price target on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Deutsche Bank AG lifted their price target on shares of United Rentals from $121.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $144.97.
United Rentals Company 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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