Toronto Dominion Bank lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 14.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 54,875 shares of the construction company’s stock after purchasing an additional 6,944 shares during the period. Toronto Dominion Bank’s holdings in United Rentals were worth $6,268,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in URI. Cigna Investments Inc. New lifted its position in shares of United Rentals by 3.2% in the 4th quarter. Cigna Investments Inc. New now owns 2,552 shares of the construction company’s stock worth $262,000 after purchasing an additional 79 shares during the period. HCR Wealth Advisors lifted its position in shares of United Rentals by 1.6% in the 4th quarter. HCR Wealth Advisors now owns 5,015 shares of the construction company’s stock worth $514,000 after purchasing an additional 81 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of United Rentals by 1.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after purchasing an additional 98 shares during the period. IFM Investors Pty Ltd lifted its position in shares of United Rentals by 2.1% in the 4th quarter. IFM Investors Pty Ltd now owns 5,163 shares of the construction company’s stock worth $529,000 after purchasing an additional 108 shares during the period. Finally, Integrated Investment Consultants LLC lifted its position in shares of United Rentals by 6.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,965 shares of the construction company’s stock worth $201,000 after purchasing an additional 115 shares during the period. 88.61% of the stock is currently owned by institutional investors.
NYSE URI traded up $1.87 during trading hours on Tuesday, reaching $125.92. 417,694 shares of the company’s stock traded hands, compared to its average volume of 1,541,561. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $175.42. The stock has a market cap of $9.75 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.36 and a beta of 2.56. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $2.87 EPS. United Rentals’s revenue was up 22.1% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 19.67 earnings per share for the current fiscal year.
Several research firms have recently commented on URI. ValuEngine raised shares of United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Morgan Stanley raised their target price on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, April 17th. Finally, OTR Global cut shares of United Rentals to a “positive” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $156.91.
In related news, EVP Craig Adam Pintoff sold 4,566 shares of United Rentals stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $123.17, for a total transaction of $562,394.22. Following the completion of the transaction, the executive vice president now directly owns 17,880 shares of the company’s stock, valued at approximately $2,202,279.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Kneeland sold 38,580 shares of United Rentals stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.67, for a total transaction of $5,002,668.60. Following the completion of the transaction, the director now directly owns 230,444 shares of the company’s stock, valued at $29,881,673.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,770 shares of company stock valued at $18,049,140. 1.00% of the stock is currently owned by corporate insiders.
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About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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