Zeke Capital Advisors LLC Purchases New Stake in United Rentals, Inc. (URI)
Zeke Capital Advisors LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the third quarter, HoldingsChannel.com reports. The fund purchased 1,255 shares of the construction company’s stock, valued at approximately $205,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of United Rentals by 31.9% during the second quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock worth $47,046,000 after purchasing an additional 77,055 shares in the last quarter. Nvwm LLC boosted its position in shares of United Rentals by 1,744.7% during the second quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock worth $335,000 after purchasing an additional 2,146 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of United Rentals by 116.8% during the second quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock worth $6,403,000 after acquiring an additional 23,366 shares during the period. Smith Asset Management Group LP raised its holdings in shares of United Rentals by 4.2% during the second quarter. Smith Asset Management Group LP now owns 224,295 shares of the construction company’s stock worth $33,110,000 after acquiring an additional 9,140 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of United Rentals by 113.5% during the second quarter. Cubist Systematic Strategies LLC now owns 9,968 shares of the construction company’s stock worth $1,471,000 after acquiring an additional 5,299 shares during the period. 88.68% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine lowered shares of United Rentals from a “hold” rating to a “sell” rating in a report on Friday, October 12th. UBS Group set a $180.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, November 15th. Citigroup dropped their price objective on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Finally, Bank of America set a $175.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Thursday, October 18th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $165.69.
Shares of URI stock opened at $112.54 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75. United Rentals, Inc. has a 1 year low of $106.48 and a 1 year high of $190.74. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.40 and a beta of 2.61.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business earned $3.25 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. Research analysts expect that United Rentals, Inc. will post 16.23 EPS for the current year.
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United Rentals Company Profile
United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.
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