Alyeska Investment Group L.P. lifted its position in United Rentals, Inc. (NYSE:URI) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,643 shares of the construction company’s stock after acquiring an additional 42,770 shares during the period. Alyeska Investment Group L.P. owned 0.27% of United Rentals worth $31,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. First Manhattan Co. increased its position in shares of United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after acquiring an additional 967 shares during the period. Americafirst Capital Management LLC acquired a new position in shares of United Rentals in the 2nd quarter valued at $151,000. IFP Advisors Inc grew its position in United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after purchasing an additional 478 shares during the period. Pacer Advisors Inc. grew its position in United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after purchasing an additional 145 shares during the period. Finally, Trexquant Investment LP acquired a new stake in United Rentals during the 3rd quarter worth about $202,000. 91.74% of the stock is currently owned by hedge funds and other institutional investors.
United Rentals, Inc. (NYSE URI) traded up $1.62 during mid-day trading on Friday, hitting $164.00. 1,080,971 shares of the stock traded hands, compared to its average volume of 1,085,536. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. United Rentals, Inc. has a twelve month low of $100.62 and a twelve month high of $165.18. The stock has a market cap of $13,870.30, a price-to-earnings ratio of 16.52, a P/E/G ratio of 0.84 and a beta of 2.67.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the company posted $2.58 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. research analysts expect that United Rentals, Inc. will post 10.56 EPS for the current year.
United Rentals announced that its board has initiated a stock repurchase program on Wednesday, October 18th that permits the company to buyback $373.00 million in outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Donald C. Roof sold 757 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $159.80, for a total transaction of $120,968.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald C. Roof sold 4,500 shares of the stock in a transaction dated Wednesday, November 1st. The stock was 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. Over the last three months, insiders have sold 69,440 shares of company stock worth $10,055,421. Corporate insiders own 1.20% of the company’s stock.
URI has been the topic of several analyst reports. Jefferies Group increased their price target on United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Bank of America set a $165.00 price target on United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 19th. UBS set a $150.00 price target on United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Buckingham Research initiated coverage on United Rentals in a research report on Tuesday, November 21st. They set a “neutral” rating and a $154.00 price target on the stock. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $157.00 price target (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and a consensus price target of $145.57.
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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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