Stifel Financial Corp lifted its stake in United Rentals, Inc. (NYSE:URI) by 76.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,846 shares of the construction company’s stock after acquiring an additional 11,167 shares during the quarter. Stifel Financial Corp’s holdings in United Rentals were worth $3,579,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Pinebridge Investments L.P. grew its holdings in shares of United Rentals by 376.4% in the third quarter. Pinebridge Investments L.P. now owns 33,025 shares of the construction company’s stock worth $4,582,000 after purchasing an additional 26,093 shares during the last quarter. FDO Partners LLC purchased a new stake in shares of United Rentals during the third quarter valued at about $245,000. HCR Wealth Advisors lifted its position in shares of United Rentals by 13.8% during the third quarter. HCR Wealth Advisors now owns 3,261 shares of the construction company’s stock valued at $452,000 after buying an additional 395 shares during the last quarter. Fagan Associates Inc. lifted its position in shares of United Rentals by 3.5% during the third quarter. Fagan Associates Inc. now owns 10,695 shares of the construction company’s stock valued at $1,484,000 after buying an additional 365 shares during the last quarter. Finally, Investment Centers of America Inc. purchased a new stake in shares of United Rentals during the third quarter valued at about $260,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) opened at $171.47 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. United Rentals, Inc. has a 52 week low of $100.62 and a 52 week high of $172.22. The firm has a market capitalization of $14,580.00, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 0.87 and a beta of 2.67.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. United Rentals had a return on equity of 38.38% and a net margin of 11.27%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. equities research analysts expect that United Rentals, Inc. will post 10.56 EPS for the current year.
United Rentals announced that its Board of Directors has initiated a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $144.72, for a total value of $4,341,600.00. Following the sale, the insider now directly owns 272,292 shares in the company, valued at $39,406,098.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew John Flannery sold 22,324 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total value of $3,291,450.56. Following the completion of the sale, the chief operating officer now owns 31,243 shares in the company, valued at $4,606,467.92. The disclosure for this sale can be found here. Insiders have sold 91,760 shares of company stock worth $13,873,111 in the last ninety days. 1.20% of the stock is currently owned by corporate insiders.
URI has been the topic of several research reports. Jefferies Group reiterated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Thursday, September 21st. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Wednesday, September 20th. Stifel Nicolaus lifted their price target on shares of United Rentals from $133.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Citigroup raised their price objective on United Rentals from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Bank of America set a $165.00 price target on United Rentals and gave the stock a “buy” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $154.18.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.