United Rentals, Inc. (URI) Stake Lessened by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. decreased its position in United Rentals, Inc. (NYSE:URI) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,212 shares of the construction company’s stock after selling 485 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in United Rentals were worth $1,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of United Rentals by 15.0% in the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after buying an additional 763,469 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of United Rentals by 320.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock worth $85,670,000 after buying an additional 579,400 shares during the last quarter. Pioneer Investment Management Inc. boosted its holdings in shares of United Rentals by 127.4% in the 2nd quarter. Pioneer Investment Management Inc. now owns 990,759 shares of the construction company’s stock worth $111,669,000 after buying an additional 555,089 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of United Rentals by 4,154.0% in the 2nd quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock worth $62,273,000 after buying an additional 539,522 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of United Rentals by 282.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 570,236 shares of the construction company’s stock worth $64,272,000 after buying an additional 421,101 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

In related news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $144.72, for a total value of $4,341,600.00. Following the transaction, the insider now directly owns 272,292 shares in the company, valued at $39,406,098.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $143.24, for a total transaction of $473,837.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,433 shares of company stock worth $9,434,570. 1.20% of the stock is owned by company insiders.

Shares of United Rentals, Inc. (NYSE:URI) opened at $150.09 on Friday. United Rentals, Inc. has a fifty-two week low of $90.77 and a fifty-two week high of $151.15. The stock has a market cap of $12,693.86, a PE ratio of 15.11, a PEG ratio of 0.92 and a beta of 2.65. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.92 and a quick ratio of 0.88.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. research analysts predict that United Rentals, Inc. will post 10.56 EPS for the current year.

United Rentals declared that its board has authorized a stock buyback program on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of brokerages recently weighed in on URI. Citigroup Inc. boosted their price target on shares of United Rentals from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of United Rentals in a report on Friday, October 20th. Bank of America Corporation set a $165.00 price objective on shares of United Rentals and gave the company a “buy” rating in a report on Thursday, October 19th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of United Rentals in a report on Thursday, October 19th. Finally, UBS AG set a $150.00 price objective on shares of United Rentals and gave the company a “hold” rating in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $144.97.

About United Rentals

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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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