First Allied Advisory Services Inc. Has $494,000 Holdings in United Rentals, Inc. (URI)
First Allied Advisory Services Inc. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 19.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,549 shares of the construction company’s stock after buying an additional 588 shares during the quarter. First Allied Advisory Services Inc.’s holdings in United Rentals were worth $494,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of URI. Americafirst Capital Management LLC acquired a new position in United Rentals in the second quarter worth approximately $151,000. IFP Advisors Inc increased its holdings in United Rentals by 40.4% in the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after buying an additional 478 shares during the last quarter. First Manhattan Co. increased its holdings in United Rentals by 42.9% in the third quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after buying an additional 425 shares during the last quarter. Pacer Advisors Inc. increased its holdings in United Rentals by 8.8% in the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 145 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in United Rentals in the third quarter worth approximately $202,000. 91.75% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. Barclays assumed coverage on United Rentals in a report on Tuesday. They issued an “underweight” rating and a $150.00 price objective on the stock. Buckingham Research assumed coverage on United Rentals in a report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price objective on the stock. KeyCorp restated a “hold” rating on shares of United Rentals in a report on Friday, October 20th. Citigroup increased their price objective on United Rentals from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, UBS set a $150.00 price objective on United Rentals and gave the stock a “hold” 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 given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and an average price target of $151.11.
Shares of United Rentals, Inc. (NYSE URI) traded up $0.16 during mid-day trading on Thursday, reaching $163.81. The company’s stock had a trading volume of 948,200 shares, compared to its average volume of 1,556,150. United Rentals, Inc. has a one year low of $100.62 and a one year high of $165.85. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market capitalization of $13,850.00, a P/E ratio of 16.48, a PEG ratio of 0.84 and a beta of 2.67.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.98 by $0.27. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 earnings per share. sell-side analysts expect that United Rentals, Inc. will post 10.56 earnings per share for the current fiscal year.
United Rentals announced that its Board of Directors has initiated a stock repurchase program on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other news, Director Donald C. Roof sold 4,500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total value of $647,775.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donald C. Roof sold 757 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $159.80, for a total transaction of $120,968.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,640 shares of company stock worth $10,415,495. 1.20% of the stock is currently owned by corporate insiders.
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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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