Netols Asset Management Inc. lowered its position in United Rentals, Inc. (NYSE:URI) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 64,073 shares of the company’s stock after selling 2,769 shares during the period. Netols Asset Management Inc. owned approximately 0.08% of United Rentals worth $6,765,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased 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 during the last quarter. Assetmark Inc. increased 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 during the last quarter. Cleararc Capital Inc. bought a new position in United Rentals during the fourth quarter valued at about $215,000. First Interstate Bank increased 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 during the last quarter. Finally, Toronto Dominion Bank increased 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 during the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Rentals, Inc. (NYSE:URI) traded up 1.34% on Friday, hitting $127.12. 1,313,726 shares of the company were exchanged. The company has a 50-day moving average price of $115.62 and a 200 day moving average price of $92.12. United Rentals, Inc. has a 52-week low of $45.59 and a 52-week high of $131.19. The firm has a market cap of $10.72 billion, a P/E ratio of 19.71 and a beta of 2.49.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 25th. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $2.19 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post $9.07 EPS for the current fiscal year.
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Several research firms have issued reports on URI. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Avondale Partners raised shares of United Rentals from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $124.40 to $145.00 in a report on Thursday, January 26th. Morgan Stanley downgraded shares of United Rentals from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $85.00 to $81.00 in a report on Monday, October 24th. Goldman Sachs Group, Inc. (The) raised shares of United Rentals from a “sell” rating to a “neutral” rating and increased their price objective for the company from $66.00 to $90.00 in a report on Thursday, November 10th. Finally, Stifel Nicolaus increased their price objective on shares of United Rentals from $112.00 to $130.00 and gave the company a “hold” rating in a report on Friday, January 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $103.83.
In other United Rentals news, Director Jenne K. Britell sold 3,200 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $93.96, for a total value of $300,672.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael Kneeland sold 60,000 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $106.34, for a total transaction of $6,380,400.00. Following the completion of the transaction, the insider now owns 384,267 shares in the company, valued at $40,862,952.78. The disclosure for this sale can be found here. Insiders sold a total of 116,371 shares of company stock worth $13,097,003 over the last quarter. Insiders own 1.30% of the company’s stock.
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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