Tocqueville Asset Management L.P. grew its stake in United Rentals, Inc. (NYSE:URI) by 20.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,912 shares of the construction company’s stock after buying an additional 500 shares during the period. Tocqueville Asset Management L.P.’s holdings in United Rentals were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Dallas Securities Inc. bought a new position in shares of United Rentals in the fourth quarter worth about $129,000. Cypress Capital Management LLC WY boosted its stake in shares of United Rentals by 73.0% in the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock worth $132,000 after acquiring an additional 325 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of United Rentals in the third quarter worth about $119,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of United Rentals by 63.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock worth $166,000 after acquiring an additional 374 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of United Rentals by 200.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock worth $206,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 90.22% of the company’s stock.
In other United Rentals news, EVP Dale A. Asplund sold 1,229 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total transaction of $231,211.77. Following the sale, the executive vice president now directly owns 16,116 shares in the company, valued at $3,031,903.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William B. Plummer sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $187.88, for a total value of $9,394,000.00. Following the sale, the chief financial officer now owns 55,926 shares in the company, valued at $10,507,376.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,869 shares of company stock worth $22,797,475. Company insiders own 1.20% of the company’s stock.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company earned $2.67 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. equities analysts anticipate that United Rentals, Inc. will post 15.22 EPS for the current year.
URI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Morgan Stanley began coverage on United Rentals in a research note on Friday, March 2nd. They issued an “overweight” rating and a $194.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and set a $194.00 price target on shares of United Rentals in a research note on Thursday, January 11th. Buckingham Research reissued a “neutral” rating and set a $175.00 price target (up from $154.00) on shares of United Rentals in a research note on Tuesday, January 9th. Finally, Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals currently has a consensus rating of “Buy” and an average target price of $180.18.
United Rentals 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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