United Rentals, Inc. (URI) Stake Lowered by Corient Capital Partners LLC
Corient Capital Partners LLC lowered its holdings in United Rentals, Inc. (NYSE:URI) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,962 shares of the construction company’s stock after selling 1,144 shares during the period. Corient Capital Partners LLC’s holdings in United Rentals were worth $1,596,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Cigna Investments Inc. New boosted its holdings in United Rentals by 3.2% in the fourth quarter. Cigna Investments Inc. New now owns 2,552 shares of the construction company’s stock valued at $262,000 after acquiring an additional 79 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in United Rentals by 1.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock valued at $982,000 after acquiring an additional 98 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in United Rentals by 6.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 1,965 shares of the construction company’s stock valued at $201,000 after acquiring an additional 115 shares during the last quarter. Pennsylvania Trust Co lifted its stake in shares of United Rentals by 0.9% during the first quarter. Pennsylvania Trust Co now owns 14,865 shares of the construction company’s stock worth $1,698,000 after purchasing an additional 133 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in shares of United Rentals by 3.6% during the first quarter. First Manhattan Co. now owns 4,199 shares of the construction company’s stock worth $479,000 after purchasing an additional 144 shares in the last quarter. 87.02% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on URI. OTR Global cut United Rentals to a “positive” rating in a research note on Monday, April 1st. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Northcoast Research restated a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. ValuEngine upgraded United Rentals from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley boosted their price target on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $156.91.
NYSE:URI opened at $113.85 on Tuesday. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.71 and a current ratio of 0.77. United Rentals, Inc. has a one year low of $94.28 and a one year high of $173.00. The stock has a market capitalization of $8.86 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.32 and a beta of 2.60.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.21. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the firm posted $2.87 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that United Rentals, Inc. will post 19.67 earnings per share for the current year.
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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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