United Rentals, Inc. (NYSE:URI) Shares Purchased by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. increased its position in shares of United Rentals, Inc. (NYSE:URI) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,623 shares of the construction company’s stock after purchasing an additional 509 shares during the quarter. Wetherby Asset Management Inc.’s holdings in United Rentals were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Seelaus Asset Management LLC lifted its holdings in shares of United Rentals by 1.0% during the second quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after purchasing an additional 80 shares during the period. Chesley Taft & Associates LLC raised its position in United Rentals by 0.7% during the second quarter. Chesley Taft & Associates LLC now owns 12,360 shares of the construction company’s stock valued at $1,639,000 after acquiring an additional 85 shares in the last quarter. Coastal Investment Advisors Inc. raised its position in United Rentals by 11.5% during the third quarter. Coastal Investment Advisors Inc. now owns 861 shares of the construction company’s stock valued at $104,000 after acquiring an additional 89 shares in the last quarter. AMP Capital Investors Ltd raised its position in United Rentals by 0.3% during the second quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock valued at $4,221,000 after acquiring an additional 97 shares in the last quarter. Finally, Graybill Bartz & Assoc Ltd. raised its position in United Rentals by 0.3% during the third quarter. Graybill Bartz & Assoc Ltd. now owns 33,206 shares of the construction company’s stock valued at $4,139,000 after acquiring an additional 97 shares in the last quarter. 89.57% of the stock is owned by hedge funds and other institutional investors.

Shares of United Rentals stock traded up $5.15 on Friday, reaching $155.32. The company’s stock had a trading volume of 1,619,889 shares, compared to its average volume of 1,482,789. The company has a market capitalization of $11.05 billion, a P/E ratio of 9.55, a PEG ratio of 0.64 and a beta of 2.68. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $155.74. The stock has a 50-day moving average price of $128.39 and a 200-day moving average price of $124.93. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, beating the Zacks’ consensus estimate of $5.74 by $0.22. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.74 earnings per share. Sell-side analysts forecast that United Rentals, Inc. will post 19.28 earnings per share for the current fiscal year.

Several brokerages recently weighed in on URI. Royal Bank of Canada set a $150.00 price target on United Rentals and gave the company a “buy” rating in a research report on Friday, October 18th. Morgan Stanley reduced their price target on United Rentals from $168.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Goldman Sachs Group lifted their price target on United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. ValuEngine cut United Rentals from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 19th. Finally, UBS Group cut United Rentals from a “buy” rating to a “neutral” rating and reduced their price target for the company from $166.00 to $118.00 in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $137.67.

In other news, Director Michael Kneeland sold 22,999 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $151.08, for a total value of $3,474,688.92. Following the completion of the sale, the director now directly owns 181,973 shares in the company, valued at $27,492,480.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jason D. Papastavrou sold 3,036 shares of United Rentals stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $150.05, for a total value of $455,551.80. Following the completion of the sale, the director now directly owns 181,973 shares in the company, valued at $27,305,048.65. The disclosure for this sale can be found here. Insiders sold 28,770 shares of company stock valued at $4,292,710 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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.

Further Reading: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

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

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.