Sigma Planning Corp Takes $235,000 Position in United Rentals, Inc. (URI)

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Sigma Planning Corp purchased a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,288 shares of the construction company’s stock, valued at approximately $235,000.

Several other large investors have also recently added to or reduced their stakes in the company. HCR Wealth Advisors raised its position in shares of United Rentals by 1.6% in the fourth quarter. HCR Wealth Advisors now owns 5,015 shares of the construction company’s stock valued at $514,000 after purchasing an additional 81 shares during the period. KBC Group NV raised its position in shares of United Rentals by 927.9% in the fourth quarter. KBC Group NV now owns 83,969 shares of the construction company’s stock valued at $8,610,000 after purchasing an additional 75,800 shares during the period. Gabelli Funds LLC raised its position in shares of United Rentals by 13.2% in the fourth quarter. Gabelli Funds LLC now owns 53,400 shares of the construction company’s stock valued at $5,475,000 after purchasing an additional 6,220 shares during the period. Gamco Investors INC. ET AL raised its position in shares of United Rentals by 1.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 30,505 shares of the construction company’s stock valued at $3,128,000 after purchasing an additional 505 shares during the period. Finally, Keybank National Association OH raised its position in shares of United Rentals by 6.8% in the fourth quarter. Keybank National Association OH now owns 9,939 shares of the construction company’s stock valued at $1,019,000 after purchasing an additional 635 shares during the period. 96.88% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on URI shares. Bank of America set a $175.00 price target on shares of United Rentals and gave the company a “buy” rating in a research report on Thursday, October 18th. UBS Group set a $180.00 target price on shares of United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 18th. Macquarie set a $99.00 target price on shares of United Rentals and gave the stock a “sell” rating in a research report on Thursday, October 18th. ValuEngine lowered shares of United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th. Finally, Citigroup dropped their target price on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $157.09.

Shares of URI stock opened at $127.89 on Tuesday. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $190.74. The firm has a market cap of $10.05 billion, a P/E ratio of 7.87, a P/E/G ratio of 0.37 and a beta of 2.51. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.78 and a current ratio of 0.83.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm posted $3.34 earnings per share. United Rentals’s revenue was up 20.0% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post 19.31 EPS for the current year.

In other United Rentals news, EVP Dale A. Asplund sold 11,245 shares of the business’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $125.00, for a total value of $1,405,625.00. Following the sale, the executive vice president now owns 13,010 shares of the company’s stock, valued at approximately $1,626,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Shiv Singh purchased 390 shares of the stock in a transaction on Monday, January 28th. The stock was acquired at an average cost of $124.72 per share, for a total transaction of $48,640.80. Following the acquisition, the director now directly owns 2,803 shares in the company, valued at $349,590.16. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

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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 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.

Read More: Is a Roth IRA right for you?

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

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