Janus Henderson Group PLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 90.8% in the first quarter, HoldingsChannel.com reports. The fund owned 24,402 shares of the construction company’s stock after selling 241,544 shares during the period. Janus Henderson Group PLC’s holdings in United Rentals were worth $2,788,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Cigna Investments Inc. New lifted its position in United Rentals by 3.2% during the fourth quarter. Cigna Investments Inc. New now owns 2,552 shares of the construction company’s stock valued at $262,000 after buying an additional 79 shares during the period. HCR Wealth Advisors lifted its position in United Rentals by 1.6% during the fourth quarter. HCR Wealth Advisors now owns 5,015 shares of the construction company’s stock valued at $514,000 after buying an additional 81 shares during the period. IFM Investors Pty Ltd lifted its position in United Rentals by 2.1% during the fourth quarter. IFM Investors Pty Ltd now owns 5,163 shares of the construction company’s stock valued at $529,000 after buying an additional 108 shares during the period. Integrated Investment Consultants LLC increased its holdings in shares of United Rentals by 6.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 1,965 shares of the construction company’s stock valued at $201,000 after acquiring an additional 115 shares in the last quarter. Finally, Pennsylvania Trust Co increased its holdings in shares of United Rentals by 0.9% during the first quarter. Pennsylvania Trust Co now owns 14,865 shares of the construction company’s stock valued at $1,698,000 after acquiring an additional 133 shares in the last quarter. 88.61% of the stock is owned by institutional investors.
In related news, EVP Craig Adam Pintoff sold 4,566 shares of United Rentals stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $123.17, for a total value of $562,394.22. Following the completion of the sale, the executive vice president now directly owns 17,880 shares in the company, valued at approximately $2,202,279.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Kneeland sold 84,431 shares of United Rentals stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $131.23, for a total value of $11,079,880.13. Following the completion of the sale, the director now owns 276,295 shares of the company’s stock, valued at $36,258,192.85. The disclosure for this sale can be found here. Insiders sold a total of 130,190 shares of company stock valued at $17,028,371 over the last quarter. 1.00% of the stock is owned by corporate insiders.
Shares of NYSE:URI opened at $126.33 on Monday. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $175.42. The firm has a market cap of $9.93 billion, a PE ratio of 7.77, a P/E/G ratio of 0.36 and a beta of 2.56. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $2.87 EPS. United Rentals’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, sell-side analysts predict that United Rentals, Inc. will post 19.67 EPS for the current fiscal year.
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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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