James Investment Research Inc. Has $67.635 Million Stake in United Rentals, Inc. (URI)
James Investment Research Inc. reduced its stake in United Rentals, Inc. (NYSE:URI) by 8.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 540,861 shares of the construction company’s stock after selling 47,947 shares during the period. United Rentals makes up 1.9% of James Investment Research Inc.’s investment portfolio, making the stock its 4th largest position. James Investment Research Inc. owned 0.64% of United Rentals worth $67,635,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in United Rentals during the first quarter valued at $127,000. Bessemer Group Inc. boosted its position in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the construction company’s stock valued at $138,000 after buying an additional 800 shares during the period. Contravisory Investment Management Inc. boosted its position in United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock valued at $162,000 after buying an additional 423 shares during the period. Pennsylvania Trust Co bought a new position in United Rentals during the first quarter valued at $200,000. Finally, Rehmann Capital Advisory Group bought a new position in United Rentals during the third quarter valued at $212,000. Institutional investors own 95.15% of the company’s stock.
United Rentals, Inc. (NYSE:URI) traded down 1.57% during mid-day trading on Friday, hitting $111.46. The stock had a trading volume of 3,742,639 shares. United Rentals, Inc. has a 12 month low of $58.83 and a 12 month high of $134.28. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 17.28 and a beta of 2.49. The stock’s 50-day moving average price is $123.21 and its 200-day moving average price is $107.66. United Rentals also was the target of unusually large options trading on Wednesday. Stock investors acquired 11,162 put options on the stock. This represents an increase of 617% compared to the typical volume of 1,557 put options.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.12. United Rentals had a return on equity of 50.17% and a net margin of 9.82%. The business earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post $9.35 earnings per share for the current year.
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A number of research analysts have commented on URI shares. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Tuesday, December 27th. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Tuesday, December 27th. Jefferies Group LLC increased their price target on shares of United Rentals from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, January 20th. Avondale Partners upgraded shares of United Rentals from a “market perform” rating to an “outperform” rating and increased their price target for the company from $124.40 to $145.00 in a research report on Thursday, January 26th. Finally, Barclays PLC increased their price target on shares of United Rentals from $120.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, January 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $117.82.
In other United Rentals news, EVP Craig Adam Pintoff sold 1,832 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $124.39, for a total value of $227,882.48. Following the completion of the sale, the executive vice president now directly owns 29,092 shares in the company, valued at approximately $3,618,753.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Kneeland sold 20,000 shares of the company’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $126.33, for a total value of $2,526,600.00. Following the completion of the sale, the insider now owns 331,469 shares of the company’s stock, valued at $41,874,478.77. The disclosure for this sale can be found here. Insiders sold a total of 65,822 shares of company stock valued at $8,285,451 over the last quarter. Company insiders own 1.30% of the company’s stock.
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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