Driehaus Capital Management LLC decreased its stake in United Rentals, Inc. (NYSE:URI) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,182 shares of the construction company’s stock after selling 435 shares during the period. Driehaus Capital Management LLC’s holdings in United Rentals were worth $1,773,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whittier Trust Co. increased its stake in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in United Rentals during the first quarter worth about $127,000. Bessemer Group Inc. boosted its position in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the construction company’s stock worth $138,000 after buying an additional 800 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares during the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position in United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock worth $195,000 after buying an additional 1,004 shares during the last quarter. 93.98% of the stock is owned by institutional investors.
United Rentals, Inc. (NYSE:URI) traded down 0.86% during mid-day trading on Friday, reaching $119.73. The company had a trading volume of 1,109,360 shares. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28. The firm has a 50-day moving average of $112.37 and a 200 day moving average of $116.93. The company has a market capitalization of $10.12 billion, a PE ratio of 17.39 and a beta of 2.42.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $2.06 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on URI shares. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a report on Thursday, March 30th. Deutsche Bank AG started coverage on United Rentals in a report on Wednesday, April 5th. They issued a “hold” rating and a $125.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $130.00 target price on shares of United Rentals in a report on Wednesday, April 12th. Vetr upgraded United Rentals from a “hold” rating to a “buy” rating and set a $125.52 price objective on the stock in a research note on Friday, April 14th. Finally, Jefferies Group LLC restated a “buy” rating and set a $150.00 price objective on shares of United Rentals in a research note on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $124.85.
In related news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
United Rentals Company Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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