Stifel Financial Corp Raises Position in United Rentals, Inc. (URI)
Stifel Financial Corp increased its position in shares of United Rentals, Inc. (NYSE:URI) by 67.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,716 shares of the construction company’s stock after acquiring an additional 16,352 shares during the period. Stifel Financial Corp owned about 0.05% of United Rentals worth $4,180,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Gideon Capital Advisors Inc. grew its position in shares of United Rentals by 103.0% in the 4th quarter. Gideon Capital Advisors Inc. now owns 4,295 shares of the construction company’s stock valued at $440,000 after buying an additional 2,179 shares during the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of United Rentals in the 4th quarter valued at about $51,000. United Services Automobile Association grew its position in shares of United Rentals by 4.4% in the 4th quarter. United Services Automobile Association now owns 65,732 shares of the construction company’s stock valued at $6,740,000 after buying an additional 2,750 shares during the last quarter. Duality Advisers LP bought a new stake in shares of United Rentals in the 4th quarter valued at about $5,579,000. Finally, Commonwealth Bank of Australia grew its position in shares of United Rentals by 145.6% in the 4th quarter. Commonwealth Bank of Australia now owns 29,447 shares of the construction company’s stock valued at $3,016,000 after buying an additional 17,457 shares during the last quarter. Institutional investors and hedge funds own 86.47% of the company’s stock.
URI has been the topic of a number of analyst reports. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Wednesday, January 30th. Barclays initiated coverage on United Rentals in a research report on Friday, December 14th. They issued an “equal weight” rating and a $130.00 price target on the stock. Finally, Standpoint Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $157.09.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, January 23rd. The construction company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.77 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.22 billion. United Rentals had a return on equity of 41.91% and a net margin of 13.62%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.34 earnings per share. On average, equities research analysts forecast that United Rentals, Inc. will post 19.31 earnings per share for the current year.
In related news, Director Shiv Singh acquired 390 shares of the stock in a transaction dated Monday, January 28th. The stock was purchased at an average cost of $124.72 per share, with a total value of $48,640.80. Following the completion of the purchase, the director now directly owns 2,803 shares in the company, valued at approximately $349,590.16. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dale A. Asplund sold 11,245 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $125.00, for a total value of $1,405,625.00. Following the completion of the sale, the executive vice president now directly owns 13,010 shares of the company’s stock, valued at $1,626,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,347 shares of company stock valued at $8,276,837. Company insiders own 1.00% of the company’s stock.
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United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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