HL Financial Services LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,758 shares of the construction company’s stock after buying an additional 3,512 shares during the quarter. HL Financial Services LLC’s holdings in United Rentals were worth $5,523,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of United Rentals by 31.9% in the 2nd quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock valued at $47,046,000 after purchasing an additional 77,055 shares in the last quarter. Nvwm LLC raised its holdings in shares of United Rentals by 1,744.7% in the 2nd quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock valued at $335,000 after purchasing an additional 2,146 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of United Rentals by 116.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock valued at $6,403,000 after purchasing an additional 23,366 shares in the last quarter. Hexavest Inc. bought a new stake in shares of United Rentals in the 2nd quarter valued at about $30,004,000. Finally, Arvest Bank Trust Division bought a new stake in shares of United Rentals in the 2nd quarter valued at about $9,294,000. Institutional investors own 87.61% of the company’s stock.
Several equities research analysts have recently commented on URI shares. UBS Group set a $196.00 price target on shares of United Rentals and gave the company a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $163.00 price objective on the stock in a research report on Tuesday, July 31st. Bank of America set a $186.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Buckingham Research raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Friday, July 13th. Finally, Citigroup cut their price objective on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $169.92.
NYSE:URI opened at $129.76 on Wednesday. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.44 and a beta of 2.61. United Rentals, Inc. has a twelve month low of $106.48 and a twelve month high of $190.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping the consensus estimate of $4.56 by $0.18. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. United Rentals’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.25 EPS. On average, equities research analysts expect that United Rentals, Inc. will post 16.17 earnings per share for the current year.
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.
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