United Rentals, Inc. (URI) Position Raised by Koshinski Asset Management Inc.
Koshinski Asset Management Inc. increased its position in shares of United Rentals, Inc. (NYSE:URI) by 74.2% during the 4th quarter, HoldingsChannel reports. The firm owned 5,237 shares of the construction company’s stock after buying an additional 2,231 shares during the quarter. Koshinski Asset Management Inc.’s holdings in United Rentals were worth $900,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Creative Planning grew its position in United Rentals by 9.3% in the fourth quarter. Creative Planning now owns 6,274 shares of the construction company’s stock worth $1,079,000 after buying an additional 536 shares during the last quarter. National Pension Service grew its position in United Rentals by 3.0% in the fourth quarter. National Pension Service now owns 101,129 shares of the construction company’s stock worth $17,385,000 after buying an additional 2,921 shares during the last quarter. YHB Investment Advisors Inc. grew its position in United Rentals by 3.8% in the fourth quarter. YHB Investment Advisors Inc. now owns 16,876 shares of the construction company’s stock worth $2,901,000 after buying an additional 625 shares during the last quarter. Atria Investments LLC acquired a new position in United Rentals in the fourth quarter worth approximately $246,000. Finally, First Citizens Bank & Trust Co. grew its position in United Rentals by 27.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,220 shares of the construction company’s stock worth $382,000 after buying an additional 476 shares during the last quarter. 91.48% of the stock is currently owned by hedge funds and other institutional investors.
United Rentals, Inc. (URI) opened at $181.24 on Friday. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $184.00. 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 cap of $15,330.00, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 0.75 and a beta of 2.67.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company posted $2.58 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. equities analysts anticipate that United Rentals, Inc. will post 10.6 earnings per share for the current year.
United Rentals declared that its board has approved a stock repurchase plan on Wednesday, October 18th that authorizes the company to buyback $373.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, COO Matthew John Flannery sold 22,324 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the transaction, the chief operating officer now directly owns 31,243 shares in the company, valued at approximately $4,606,467.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Kneeland sold 25,421 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $162.76, for a total transaction of $4,137,521.96. Following the transaction, the insider now owns 245,286 shares in the company, valued at $39,922,749.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,760 shares of company stock worth $9,531,511. Corporate insiders own 1.20% of the company’s stock.
Several research analysts have issued reports on URI shares. Jefferies Group lifted their price target on shares of United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Bank of America set a $165.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 19th. UBS Group set a $150.00 price target on shares of United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Buckingham Research started coverage on shares of United Rentals in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $154.00 price target on the stock. Finally, Deutsche Bank restated a “hold” rating and issued a $157.00 price target (up previously from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $162.89.
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United Rentals 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.
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