Executive Wealth Management LLC bought a new stake in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 406 shares of the construction company’s stock, valued at approximately $42,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service grew its position in United Rentals by 9.7% in the 4th quarter. National Pension Service now owns 115,408 shares of the construction company’s stock valued at $15,199,000 after buying an additional 10,171 shares in the last quarter. UBS Oconnor LLC bought a new position in shares of United Rentals during the 4th quarter valued at about $2,051,000. Steward Partners Investment Advisory LLC boosted its position in shares of United Rentals by 4,219.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 34,082 shares of the construction company’s stock valued at $3,494,000 after purchasing an additional 33,293 shares in the last quarter. Karp Capital Management Corp boosted its position in shares of United Rentals by 68.8% during the 3rd quarter. Karp Capital Management Corp now owns 11,470 shares of the construction company’s stock valued at $1,876,000 after purchasing an additional 4,675 shares in the last quarter. Finally, Douglas Lane & Associates LLC boosted its position in shares of United Rentals by 21.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 18,453 shares of the construction company’s stock valued at $1,892,000 after purchasing an additional 3,293 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.
Several research firms have recently weighed in on URI. OTR Global lowered shares of United Rentals to a “positive” rating in a research report on Monday, April 1st. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Standpoint Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. United Rentals has an average rating of “Hold” and a consensus price target of $155.36.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 23rd. The construction company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.77 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.22 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period last year, the company posted $3.34 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 19.31 earnings per share for the current fiscal year.
In related news, Director Shiv Singh purchased 390 shares of United Rentals stock in a transaction dated Monday, January 28th. The stock was acquired at an average cost of $124.72 per share, with a total value of $48,640.80. Following the completion of the transaction, the director now directly owns 2,803 shares of the company’s stock, valued at $349,590.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul I. Mcdonnell sold 10,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the sale, the executive vice president now directly owns 22,285 shares of the company’s stock, valued at $2,798,773.15. The disclosure for this sale can be found here. Insiders sold 64,347 shares of company stock valued at $8,276,837 over the last three months. 1.00% of the stock is owned by insiders.
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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