NumerixS Investment Technologies Inc lowered its holdings in United Rentals, Inc. (NYSE:URI) by 62.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,800 shares of the construction company’s stock after selling 9,612 shares during the period. NumerixS Investment Technologies Inc’s holdings in United Rentals were worth $769,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of URI. First Interstate Bank bought a new position in shares of United Rentals during the second quarter valued at approximately $26,000. Icon Wealth Partners LLC bought a new position in shares of United Rentals during the first quarter valued at approximately $26,000. Kistler Tiffany Companies LLC grew its holdings in shares of United Rentals by 576.9% during 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. Thor Advisors LLC bought a new position in shares of United Rentals during the first quarter valued at approximately $40,000. Finally, First Mercantile Trust Co. bought a new position in shares of United Rentals during the second quarter valued at approximately $46,000. 87.43% of the stock is owned by hedge funds and other institutional investors.
URI opened at $109.20 on Wednesday. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $155.71. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $9.04 billion, a P/E ratio of 6.72, a PEG ratio of 0.51 and a beta of 2.66. The stock has a fifty day moving average of $118.17 and a 200-day moving average of $123.16.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 17th. The construction company reported $4.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.48 by $0.26. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.27 billion. United Rentals had a net margin of 12.32% and a return on equity of 41.97%. United Rentals’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.85 earnings per share. On average, analysts expect that United Rentals, Inc. will post 19.3 earnings per share for the current fiscal year.
In other United Rentals news, Director Filippo Passerini purchased 2,000 shares of the stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $110.37 per share, with a total value of $220,740.00. Following the completion of the transaction, the director now owns 8,783 shares in the company, valued at approximately $969,379.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose B. Alvarez purchased 238 shares of the stock in a transaction dated Wednesday, July 24th. The stock was acquired at an average cost of $125.98 per share, for a total transaction of $29,983.24. The disclosure for this purchase can be found here. Insiders have acquired 7,238 shares of company stock worth $842,073 over the last three months. Company insiders own 1.00% of the company’s stock.
URI has been the subject of several recent research reports. Macquarie set a $99.00 target price on United Rentals and gave the company a “sell” rating in a report on Friday, July 19th. UBS Group lowered United Rentals from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $166.00 to $118.00 in a report on Tuesday. Goldman Sachs Group raised United Rentals from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $128.00 to $165.00 in a report on Friday, September 20th. Royal Bank of Canada set a $164.00 price target on United Rentals and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Deutsche Bank set a $128.00 price target on United Rentals and gave the company a “hold” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $144.73.
About United Rentals
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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