Wealthfront Inc. acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,066 shares of the construction company’s stock, valued at approximately $1,902,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Dallas Securities Inc. purchased a new position in shares of United Rentals during the 4th quarter valued at about $129,000. Cypress Capital Management LLC WY raised its holdings in shares of United Rentals by 73.0% during the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after buying an additional 325 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of United Rentals during the 3rd quarter valued at about $119,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of United Rentals by 63.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after buying an additional 374 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of United Rentals by 200.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock valued at $206,000 after buying an additional 800 shares in the last quarter. 89.45% of the stock is currently owned by institutional investors.
United Rentals, Inc. (NYSE URI) opened at $168.02 on Tuesday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.06 and a quick ratio of 1.02. The company has a market capitalization of $14,185.54, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.59 and a beta of 2.60. United Rentals, Inc. has a 12 month low of $100.62 and a 12 month high of $189.00.
In other news, Director Jenne K. Britell sold 2,740 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $185.50, for a total transaction of $508,270.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dale A. Asplund sold 11,439 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $185.13, for a total value of $2,117,702.07. The disclosure for this sale can be found here. Insiders have sold 79,212 shares of company stock worth $13,856,844 over the last three months. Insiders own 1.20% of the company’s stock.
A number of equities analysts recently weighed in on the company. Buckingham Research assumed coverage on United Rentals in a report on Tuesday, November 21st. They set a “neutral” rating and a $154.00 price objective on the stock. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 price objective on the stock in a report on Thursday, February 1st. UBS Group lifted their price target on United Rentals from $150.00 to $196.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Stifel Nicolaus lifted their price target on United Rentals from $171.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada lifted their price target on United Rentals from $194.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $179.12.
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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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