United Rentals, Inc. (NYSE:URI) Holdings Boosted by National Pension Service
National Pension Service raised its stake in United Rentals, Inc. (NYSE:URI) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,936 shares of the construction company’s stock after acquiring an additional 6,585 shares during the period. National Pension Service’s holdings in United Rentals were worth $16,320,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Nuveen Asset Management LLC raised its position in shares of United Rentals by 38,658.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 932,150 shares of the construction company’s stock worth $123,631,000 after purchasing an additional 929,745 shares during the period. Lyrical Asset Management LP boosted its position in United Rentals by 38.0% during the 2nd quarter. Lyrical Asset Management LP now owns 2,220,998 shares of the construction company’s stock valued at $294,571,000 after purchasing an additional 611,715 shares during the period. Strs Ohio grew its stake in United Rentals by 379.7% during the 3rd quarter. Strs Ohio now owns 336,052 shares of the construction company’s stock worth $41,885,000 after buying an additional 266,000 shares during the last quarter. Atria Investments LLC grew its stake in United Rentals by 4,277.2% during the 2nd quarter. Atria Investments LLC now owns 266,617 shares of the construction company’s stock worth $2,847,000 after buying an additional 260,526 shares during the last quarter. Finally, Telemark Asset Management LLC acquired a new stake in United Rentals in the second quarter worth $26,526,000. Institutional investors own 88.35% of the company’s stock.
In related news, SVP Jeffrey J. Fenton sold 2,735 shares of United Rentals stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $132.53, for a total value of $362,469.55. Following the transaction, the senior vice president now directly owns 33,819 shares in the company, valued at approximately $4,482,032.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Kneeland sold 22,999 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $151.08, for a total value of $3,474,688.92. Following the sale, the director now directly owns 181,973 shares in the company, valued at $27,492,480.84. The disclosure for this sale can be found here. Insiders have sold 28,770 shares of company stock valued at $4,292,710 over the last 90 days. 1.00% of the stock is currently owned by insiders.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm earned $4.74 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 19.28 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on URI shares. Morgan Stanley cut their target price on United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. UBS Group lowered shares of United Rentals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $166.00 to $118.00 in a research report on Tuesday, October 8th. Buckingham Research restated a “buy” rating and set a $180.00 price target (up previously from $170.00) on shares of United Rentals in a research report on Monday, November 11th. Royal Bank of Canada set a $150.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price objective on the stock in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $141.90.
About United Rentals
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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