MetLife Investment Advisors LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,609 shares of the construction company’s stock after selling 824 shares during the period. MetLife Investment Advisors LLC’s holdings in United Rentals were worth $3,633,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in shares of United Rentals by 1,190.0% during the first quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock worth $111,000 after purchasing an additional 595 shares in the last quarter. Wagner Bowman Management Corp acquired a new stake in shares of United Rentals during the second quarter worth about $206,000. Opera Trading Capital acquired a new stake in shares of United Rentals during the second quarter worth about $221,000. First Citizens Bank & Trust Co. acquired a new stake in shares of United Rentals during the second quarter worth about $223,000. Finally, First American Trust FSB purchased a new position in shares of United Rentals during the second quarter worth about $225,000. Institutional investors and hedge funds own 86.82% of the company’s stock.
In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $155.37, for a total value of $4,661,100.00. Following the sale, the chief executive officer now owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donald C. Roof sold 5,000 shares of United Rentals stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total value of $838,900.00. Following the completion of the sale, the director now directly owns 12,564 shares in the company, valued at approximately $2,107,987.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
URI traded down $1.96 during trading on Friday, reaching $137.88. The company’s stock had a trading volume of 2,453,596 shares, compared to its average volume of 1,311,554. United Rentals, Inc. has a 52-week low of $135.68 and a 52-week high of $190.74. The firm has a market capitalization of $13.54 billion, a PE ratio of 13.02, a P/E/G ratio of 0.57 and a beta of 2.46. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 2.56.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 18th. The construction company reported $3.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.45 by $0.40. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company earned $2.37 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, sell-side analysts predict that United Rentals, Inc. will post 16.1 EPS for the current year.
A number of equities analysts recently issued reports on the company. Bank of America set a $200.00 price target on United Rentals and gave the stock a “buy” rating in a report on Thursday, September 13th. Buckingham Research set a $190.00 price target on United Rentals and gave the stock a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a report on Tuesday, September 18th. Deutsche Bank set a $158.00 price target on United Rentals and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, UBS Group set a $196.00 price target on United Rentals and gave the stock a “buy” rating in a report on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $188.73.
United Rentals Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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.
Further Reading: Buyback
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