Nicholas Investment Partners LP lowered its stake in United Rentals, Inc. (NYSE:URI) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,150 shares of the company’s stock after selling 1,563 shares during the period. Nicholas Investment Partners LP’s holdings in United Rentals were worth $6,246,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the company’s stock valued at $138,000 after buying an additional 800 shares in the last quarter. Assetmark Inc. raised its position in United Rentals by 25.5% in the third quarter. Assetmark Inc. now owns 1,340 shares of the company’s stock valued at $105,000 after buying an additional 272 shares in the last quarter. Cleararc Capital Inc. purchased a new position in United Rentals during the fourth quarter valued at approximately $215,000. First Interstate Bank raised its position in United Rentals by 127.1% in the fourth quarter. First Interstate Bank now owns 2,201 shares of the company’s stock valued at $232,000 after buying an additional 1,232 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in United Rentals by 407.2% in the third quarter. Toronto Dominion Bank now owns 2,536 shares of the company’s stock valued at $199,000 after buying an additional 2,036 shares in the last quarter. Institutional investors and hedge funds own 95.15% of the company’s stock.
United Rentals, Inc. (NYSE:URI) traded up 0.92% during mid-day trading on Tuesday, hitting $128.95. 536,763 shares of the stock were exchanged. The stock has a market capitalization of $10.87 billion, a P/E ratio of 19.99 and a beta of 2.49. United Rentals, Inc. has a 12-month low of $43.53 and a 12-month high of $131.19. The firm has a 50-day moving average price of $116.22 and a 200-day moving average price of $92.64.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 25th. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. United Rentals had a return on equity of 50.17% and a net margin of 9.82%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.19 EPS. Equities analysts predict that United Rentals, Inc. will post $9.13 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on the stock. Citigroup Inc. increased their target price on shares of United Rentals from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 26th. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Tuesday, December 27th. Avondale Partners upgraded shares of United Rentals from a “market perform” rating to an “outperform” rating and increased their target price for the company from $124.40 to $145.00 in a research report on Thursday, January 26th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st. Finally, Vertical Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $103.83.
In related news, insider Michael Kneeland sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $106.34, for a total transaction of $6,380,400.00. Following the transaction, the insider now directly owns 384,267 shares of the company’s stock, valued at approximately $40,862,952.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Filippo Passerini sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $127.62, for a total value of $510,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 116,371 shares of company stock worth $13,097,003 over the last three months. 1.30% of the stock is owned by insiders.
United Rentals Company Profile
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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