Putnam FL Investment Management Co. lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 30.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,350 shares of the construction company’s stock after selling 581 shares during the period. Putnam FL Investment Management Co.’s holdings in United Rentals were worth $232,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY raised its stake 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 worth $132,000 after buying an additional 325 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of United Rentals during the 3rd quarter worth $119,000. Harel Insurance Investments & Financial Services Ltd. increased its position in 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 worth $206,000 after purchasing an additional 800 shares in the last quarter. Welch & Forbes LLC purchased a new stake in United Rentals during the 4th quarter worth about $226,000. Finally, Americafirst Capital Management LLC purchased a new stake in United Rentals during the 2nd quarter worth about $151,000. 90.07% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on URI shares. Citigroup lifted their price objective on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group lifted their price objective on United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Stifel Nicolaus lifted their price objective on United Rentals from $133.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. UBS Group set a $150.00 price objective on United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Oppenheimer reiterated a “hold” rating on shares of United Rentals in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $179.12.
Shares of United Rentals, Inc. (NYSE URI) opened at $164.26 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $13,676.44, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.57 and a beta of 2.60. United Rentals, Inc. has a fifty-two week low of $100.62 and a fifty-two week high of $189.00.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.25 by $0.09. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The firm’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.67 EPS. equities research analysts forecast that United Rentals, Inc. will post 15.38 earnings per share for the current fiscal year.
United Rentals declared that its board has authorized a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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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