Stratos Wealth Partners LTD. boosted its holdings in United Rentals, Inc. (NYSE:URI – Get Rating) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,993 shares of the construction company’s stock after purchasing an additional 173 shares during the period. Stratos Wealth Partners LTD.’s holdings in United Rentals were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in URI. Waverton Investment Management Ltd grew its position in shares of United Rentals by 21.5% in the 1st quarter. Waverton Investment Management Ltd now owns 23,944 shares of the construction company’s stock valued at $8,505,000 after acquiring an additional 4,239 shares during the period. Grant GrossMendelsohn LLC bought a new position in shares of United Rentals in the 1st quarter valued at about $1,448,000. McGuire Investment Group LLC bought a new position in shares of United Rentals in the 1st quarter valued at about $206,000. Collective Family Office LLC grew its position in shares of United Rentals by 44.9% in the 1st quarter. Collective Family Office LLC now owns 1,992 shares of the construction company’s stock valued at $708,000 after acquiring an additional 617 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of United Rentals by 179.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 186,773 shares of the construction company’s stock valued at $66,344,000 after acquiring an additional 119,981 shares during the period. 89.70% of the stock is owned by institutional investors and hedge funds.
In other United Rentals news, COO Dale A. Asplund sold 6,575 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $318.58, for a total transaction of $2,094,663.50. Following the sale, the chief operating officer now directly owns 26,666 shares of the company’s stock, valued at approximately $8,495,254.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shiv Singh bought 173 shares of United Rentals stock in a transaction on Monday, May 9th. The shares were acquired at an average cost of $288.65 per share, for a total transaction of $49,936.45. Following the completion of the acquisition, the director now directly owns 6,993 shares in the company, valued at $2,018,529.45. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by insiders.
Shares of United Rentals stock opened at $248.86 on Monday. United Rentals, Inc. has a twelve month low of $230.54 and a twelve month high of $414.99. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.40. The company has a 50-day simple moving average of $273.95 and a two-hundred day simple moving average of $308.53. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.48 and a beta of 1.83.
United Rentals (NYSE:URI – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The construction company reported $5.73 earnings per share for the quarter, topping the consensus estimate of $5.28 by $0.45. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.44 billion. United Rentals had a net margin of 15.22% and a return on equity of 31.29%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.45 EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 29.6 earnings per share for the current fiscal year.
A number of research analysts have recently commented on URI shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of United Rentals from $421.00 to $396.00 in a research report on Friday, April 29th. Citigroup cut their target price on shares of United Rentals from $400.00 to $325.00 in a research note on Thursday. UBS Group cut their target price on shares of United Rentals to $400.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. StockNews.com cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, OTR Global cut shares of United Rentals to a “positive” rating in a research note on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $376.00.
About United Rentals (Get Rating)
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.
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