99,516 Shares in United Rentals, Inc. (URI) Acquired by Systematic Financial Management LP
Systematic Financial Management LP purchased a new position in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 99,516 shares of the construction company’s stock, valued at approximately $13,807,000. Systematic Financial Management LP owned 0.12% of United Rentals as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in URI. First Manhattan Co. lifted its position in shares of United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after purchasing an additional 967 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of United Rentals in the 2nd quarter worth approximately $151,000. Huntington National Bank lifted its position in shares of United Rentals by 14.2% in the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after purchasing an additional 179 shares during the period. IFP Advisors Inc lifted its position in United Rentals by 40.4% during the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after acquiring an additional 478 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in United Rentals by 8.8% during the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 145 shares during the last quarter. 93.34% of the stock is owned by hedge funds and other institutional investors.
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A number of research firms recently commented on URI. BidaskClub cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating on shares of United Rentals in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $145.57.
Shares of United Rentals, Inc. (NYSE URI) traded up $2.19 during trading on Wednesday, reaching $153.69. 1,318,800 shares of the company’s stock were exchanged, compared to its average volume of 1,590,097. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88. United Rentals, Inc. has a twelve month low of $93.28 and a twelve month high of $155.00. The firm has a market cap of $12,813.05, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.78 and a beta of 2.65.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.27. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.58 earnings per share. equities research analysts anticipate that United Rentals, Inc. will post 10.56 EPS for the current fiscal year.
United Rentals announced that its board has authorized a share buyback program on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $144.72, for a total value of $4,341,600.00. Following the sale, the insider now owns 272,292 shares in the company, valued at $39,406,098.24. The transaction 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 stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total transaction 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 approximately $4,606,467.92. The disclosure for this sale can be found here. Insiders sold 65,433 shares of company stock worth $9,434,570 in the last quarter. Company insiders own 1.20% of the company’s stock.
About United Rentals
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.
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