Engineers Gate Manager LP Lowers Stake in United Rentals, Inc. (URI)

Share on StockTwits

Engineers Gate Manager LP lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,646 shares of the construction company’s stock after selling 625 shares during the quarter. Engineers Gate Manager LP’s holdings in United Rentals were worth $630,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of United Rentals by 1.1% during the 4th quarter. BlackRock Inc. now owns 6,041,996 shares of the construction company’s stock valued at $1,038,679,000 after purchasing an additional 63,992 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of United Rentals by 42.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,524,419 shares of the construction company’s stock valued at $262,063,000 after purchasing an additional 450,646 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of United Rentals by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 922,079 shares of the construction company’s stock valued at $158,196,000 after purchasing an additional 32,235 shares in the last quarter. Fred Alger Management Inc. boosted its stake in shares of United Rentals by 17.4% during the 4th quarter. Fred Alger Management Inc. now owns 500,674 shares of the construction company’s stock valued at $86,071,000 after purchasing an additional 74,241 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of United Rentals by 275.6% during the 4th quarter. Allianz Asset Management GmbH now owns 488,452 shares of the construction company’s stock valued at $83,969,000 after purchasing an additional 358,413 shares in the last quarter. Hedge funds and other institutional investors own 85.60% of the company’s stock.

In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $169.00, for a total value of $5,070,000.00. Following the completion of the transaction, the chief executive officer now directly owns 249,925 shares in the company, valued at $42,237,325. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $187.88, for a total transaction of $9,394,000.00. Following the completion of the transaction, the chief financial officer now owns 55,926 shares of the company’s stock, valued at $10,507,376.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,864 shares of company stock valued at $14,991,556. Company insiders own 1.00% of the company’s stock.

Shares of URI stock opened at $167.41 on Friday. United Rentals, Inc. has a 12 month low of $100.62 and a 12 month high of $190.74. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.58 and a beta of 2.56. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.97 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 18th. The construction company reported $2.87 EPS for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.53. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. United Rentals had a net margin of 20.23% and a return on equity of 39.19%. The firm’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 earnings per share. research analysts predict that United Rentals, Inc. will post 15.53 earnings per share for the current year.

United Rentals declared that its board has approved a stock buyback plan on Wednesday, April 18th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the construction company to reacquire up to 9.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently weighed in on the stock. UBS lifted their target price on shares of United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Buckingham Research lifted their target price on shares of United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Bank of America lifted their target price on shares of United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada boosted their price objective on shares of United Rentals from $194.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus boosted their price objective on shares of United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. United Rentals currently has an average rating of “Hold” and an average price target of $188.64.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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.

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Assenagon Asset Management S.A. Buys Shares of 35,437 Walmart Inc
Assenagon Asset Management S.A. Buys Shares of 35,437 Walmart Inc
Zacks: Brokerages Anticipate Freeport-McMoRan Inc  Will Announce Quarterly Sales of $4.82 Billion
Zacks: Brokerages Anticipate Freeport-McMoRan Inc Will Announce Quarterly Sales of $4.82 Billion
Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 4,534 Shares of Varian Medical Systems, Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 4,534 Shares of Varian Medical Systems, Inc.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Reduces Position in Barrick Gold Corp
Meag Munich Ergo Kapitalanlagegesellschaft MBH Reduces Position in Barrick Gold Corp
New York Community Bancorp, Inc.  Position Lifted by Assenagon Asset Management S.A.
New York Community Bancorp, Inc. Position Lifted by Assenagon Asset Management S.A.
Meag Munich Ergo Kapitalanlagegesellschaft MBH Trims Stake in Rogers Communications Inc. Class B
Meag Munich Ergo Kapitalanlagegesellschaft MBH Trims Stake in Rogers Communications Inc. Class B


© 2006-2018 Ticker Report. Google+.