Norinchukin Bank The cut its stake in United Rentals, Inc. (NYSE:URI) by 68.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,756 shares of the construction company’s stock after selling 14,838 shares during the period. Norinchukin Bank The’s holdings in United Rentals were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. ARP Americas LP grew its position in shares of United Rentals by 86.4% in the fourth quarter. ARP Americas LP now owns 4,558 shares of the construction company’s stock valued at $784,000 after purchasing an additional 2,113 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in United Rentals by 40.1% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 12,479 shares of the construction company’s stock valued at $2,145,000 after acquiring an additional 3,569 shares during the last quarter. American International Group Inc. lifted its holdings in United Rentals by 10.9% in the fourth quarter. American International Group Inc. now owns 30,970 shares of the construction company’s stock valued at $5,324,000 after acquiring an additional 3,048 shares during the last quarter. Wealthfront Inc. acquired a new position in United Rentals in the fourth quarter valued at approximately $1,902,000. Finally, Capital Growth Management LP acquired a new position in United Rentals in the fourth quarter valued at approximately $65,326,000. Institutional investors and hedge funds own 89.45% of the company’s stock.
United Rentals, Inc. (NYSE URI) opened at $179.09 on Monday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06. United Rentals, Inc. has a 52 week low of $100.62 and a 52 week high of $189.00. The company has a market capitalization of $15,120.15, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.63 and a beta of 2.60.
In other United Rentals news, Director Jenne K. Britell sold 2,740 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $185.50, for a total transaction of $508,270.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dale A. Asplund sold 11,439 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $185.13, for a total value of $2,117,702.07. The disclosure for this sale can be found here. Insiders have sold 75,962 shares of company stock worth $13,356,962 over the last 90 days. 1.20% of the stock is owned by insiders.
A number of research analysts recently commented on URI shares. Stifel Nicolaus upped their price objective on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $194.00 price objective on shares of United Rentals in a report on Thursday, January 11th. Buckingham Research reiterated a “neutral” rating and issued a $175.00 price objective (up from $154.00) on shares of United Rentals in a report on Tuesday, January 9th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Jefferies Group reiterated a “buy” rating and issued a $210.00 price objective on shares of United Rentals in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $179.12.
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United Rentals Company 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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