Short Interest in United Rentals, Inc. (NYSE:URI) Increases By 5.1%

United Rentals, Inc. (NYSE:URI) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 4,849,500 shares, an increase of 5.1% from the May 30th total of 4,615,000 shares. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 3.9 days. Approximately 6.1% of the shares of the stock are sold short.

NYSE URI opened at $131.49 on Thursday. The business’s fifty day moving average is $126.82. The company has a market capitalization of $10.59 billion, a PE ratio of 8.09, a PEG ratio of 0.39 and a beta of 2.63. United Rentals has a fifty-two week low of $94.28 and a fifty-two week high of $173.00. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 3.31.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 17th. The construction company reported $4.74 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.20. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.27 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 earnings per share. As a group, analysts expect that United Rentals will post 19.6 EPS for the current year.

Several research analysts have commented on the stock. OTR Global downgraded shares of United Rentals to a “positive” rating in a research report on Monday, April 1st. UBS Group set a $170.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Morgan Stanley downgraded shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 22nd. Northcoast Research restated a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Finally, Zacks Investment Research downgraded shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $155.73.

In other United Rentals news, Director Michael Kneeland sold 38,580 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.67, for a total transaction of $5,002,668.60. Following the completion of the transaction, the director now directly owns 230,444 shares in the company, valued at $29,881,673.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 233,261 shares of company stock valued at $29,791,035. Company insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Pension Service grew its stake in shares of United Rentals by 9.7% during the fourth quarter. National Pension Service now owns 115,408 shares of the construction company’s stock worth $15,199,000 after buying an additional 10,171 shares during the last quarter. UBS Oconnor LLC bought a new stake in shares of United Rentals during the fourth quarter worth $2,051,000. Clearbridge Investments LLC grew its stake in shares of United Rentals by 1.2% during the first quarter. Clearbridge Investments LLC now owns 470,588 shares of the construction company’s stock worth $53,765,000 after buying an additional 5,446 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of United Rentals by 29.2% during the first quarter. Advisory Services Network LLC now owns 10,898 shares of the construction company’s stock worth $1,246,000 after buying an additional 2,465 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of United Rentals by 30,911.5% during the first quarter. Prime Capital Investment Advisors LLC now owns 59,232 shares of the construction company’s stock worth $6,767,000 after buying an additional 59,041 shares during the last quarter. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Company 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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