Meitav Dash Investments Ltd. Makes New $12.35 Million Investment in United Rentals, Inc. (NYSE:URI)

Meitav Dash Investments Ltd. bought a new position in shares of United Rentals, Inc. (NYSE:URIGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,029 shares of the construction company’s stock, valued at approximately $12,350,000.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of United Rentals in the first quarter valued at approximately $25,000. Jackson Grant Investment Advisers Inc. purchased a new position in shares of United Rentals in the first quarter valued at approximately $32,000. Quent Capital LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $35,000. Leelyn Smith LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $43,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 89.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Rentals from $421.00 to $396.00 in a report on Friday, April 29th. UBS Group reduced their target price on shares of United Rentals to $400.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. KeyCorp raised their target price on shares of United Rentals from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Citigroup reduced their target price on shares of United Rentals from $400.00 to $325.00 in a report on Thursday, July 7th. Finally, OTR Global cut shares of United Rentals to a “positive” rating in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $360.00.

United Rentals Stock Up 1.3 %

Shares of NYSE:URI opened at $323.43 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.97 and a current ratio of 1.07. United Rentals, Inc. has a 1 year low of $230.54 and a 1 year high of $414.99. The stock has a market capitalization of $22.64 billion, a P/E ratio of 13.37, a PEG ratio of 0.58 and a beta of 1.92. The stock has a 50-day simple moving average of $272.17 and a 200-day simple moving average of $302.22.

United Rentals (NYSE:URIGet Rating) last issued its earnings results on Wednesday, July 27th. The construction company reported $7.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $1.29. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.66 EPS. Equities analysts forecast that United Rentals, Inc. will post 31.03 earnings per share for the current year.

Insider Activity

In related news, CFO Jessica Graziano sold 977 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $325.00, for a total transaction of $317,525.00. Following the sale, the chief financial officer now directly owns 21,587 shares of the company’s stock, valued at approximately $7,015,775. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Shiv Singh bought 173 shares of the company’s stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of $288.65 per share, with a total value of $49,936.45. Following the completion of the transaction, the director now directly owns 6,993 shares of the company’s stock, valued at $2,018,529.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jessica Graziano sold 977 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $325.00, for a total value of $317,525.00. Following the completion of the sale, the chief financial officer now directly owns 21,587 shares in the company, valued at $7,015,775. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

United Rentals Profile

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

See Also

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

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