Sigma Planning Corp raised its holdings in United Rentals, Inc. (NYSE:URI) by 89.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,472 shares of the construction company’s stock after purchasing an additional 1,635 shares during the quarter. Sigma Planning Corp’s holdings in United Rentals were worth $433,000 at the end of the most recent reporting period.
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A number of other large investors have also bought and sold shares of URI. First Interstate Bank purchased a new stake in United Rentals in the second quarter valued at $26,000. Prestige Wealth Management Group LLC purchased a new stake in United Rentals in the second quarter valued at $27,000. North Star Investment Management Corp. purchased a new stake in United Rentals in the third quarter valued at $31,000. Kistler Tiffany Companies LLC boosted its holdings in United Rentals by 576.9% in the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after purchasing an additional 225 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in United Rentals in the second quarter valued at $46,000. 89.57% of the stock is currently owned by institutional investors.
In related news, Director Michael Kneeland sold 22,999 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the completion of the transaction, the director now owns 181,973 shares in the company, valued at approximately $27,492,480.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Filippo Passerini purchased 2,000 shares of United Rentals stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $110.37 per share, with a total value of $220,740.00. Following the transaction, the director now owns 8,783 shares in the company, valued at $969,379.71. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 28,770 shares of company stock worth $4,292,710. Corporate insiders own 1.00% of the company’s stock.
Shares of URI stock traded up $5.15 during mid-day trading on Friday, hitting $155.32. 1,619,889 shares of the stock were exchanged, compared to its average volume of 1,482,789. The firm has a fifty day moving average of $128.39 and a 200 day moving average of $124.93. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 2.93. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $155.74. The company has a market cap of $11.05 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.64 and a beta of 2.68.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the company posted $4.74 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 19.28 EPS for the current year.
Several equities research analysts have commented on URI shares. Goldman Sachs Group upped their price target on shares of United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday. UBS Group lowered shares of United Rentals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $166.00 to $118.00 in a research note on Tuesday, October 8th. ValuEngine lowered shares of United Rentals from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 19th. Morgan Stanley lowered their target price on shares of United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada set a $150.00 target price on shares of United Rentals and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $137.67.
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 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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