Pennsylvania Trust Co trimmed its stake in United Rentals, Inc. (NYSE:URI) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,750 shares of the construction company’s stock after selling 140 shares during the period. Pennsylvania Trust Co’s holdings in United Rentals were worth $1,838,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of URI. Private Advisor Group LLC increased its position in shares of United Rentals by 20.6% in the first quarter. Private Advisor Group LLC now owns 9,160 shares of the construction company’s stock worth $1,050,000 after purchasing an additional 1,563 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of United Rentals by 55.0% in the first quarter. State of Tennessee Treasury Department now owns 32,570 shares of the construction company’s stock worth $3,721,000 after purchasing an additional 11,552 shares during the last quarter. FIL Ltd bought a new position in shares of United Rentals in the first quarter worth approximately $5,078,000. Lazard Asset Management LLC increased its position in shares of United Rentals by 14.3% in the first quarter. Lazard Asset Management LLC now owns 206,544 shares of the construction company’s stock worth $23,596,000 after purchasing an additional 25,890 shares during the last quarter. Finally, Williams Jones & Associates LLC increased its position in shares of United Rentals by 105.0% in the first quarter. Williams Jones & Associates LLC now owns 4,100 shares of the construction company’s stock worth $468,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors own 87.43% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Friday, June 21st. Citigroup reaffirmed a “buy” rating and issued a $160.00 target price on shares of United Rentals in a research note on Wednesday, September 11th. Macquarie set a $99.00 target price on United Rentals and gave the stock a “sell” rating in a research note on Friday, July 19th. Morgan Stanley cut their target price on United Rentals from $168.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada set a $164.00 target price on United Rentals and gave the stock a “buy” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $142.82.
Shares of URI opened at $113.32 on Friday. The firm has a market cap of $8.43 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.47 and a beta of 2.66. The stock has a 50 day simple moving average of $118.26 and a two-hundred day simple moving average of $123.13. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.73 and a quick ratio of 0.67. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $147.97.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.48 by $0.26. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. United Rentals’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.85 earnings per share. On average, equities analysts anticipate that United Rentals, Inc. will post 19.24 earnings per share for the current year.
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 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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