Ffcm LLC Has $1.05 Million Position in United Rentals, Inc. (URI)

Ffcm LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 36.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,409 shares of the construction company’s stock after selling 3,704 shares during the period. Ffcm LLC’s holdings in United Rentals were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of United Rentals by 103.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 984 shares of the construction company’s stock worth $161,000 after buying an additional 500 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of United Rentals by 93.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock worth $184,000 after buying an additional 600 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of United Rentals in the third quarter worth $187,000. Lincoln National Corp purchased a new position in shares of United Rentals in the third quarter worth $200,000. Finally, Jag Capital Management LLC purchased a new position in shares of United Rentals in the third quarter worth $203,000. 88.68% of the stock is owned by institutional investors.

A number of research analysts have issued reports on URI shares. ValuEngine cut shares of United Rentals from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a report on Tuesday, September 18th. Argus upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Monday, October 22nd. UBS Group set a $196.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, Bank of America set a $200.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research note on Thursday, September 13th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $165.69.

NYSE:URI opened at $113.00 on Friday. The firm has a market capitalization of $9.16 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.39 and a beta of 2.61. United Rentals, Inc. has a 1-year low of $106.48 and a 1-year 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 quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.56 by $0.18. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.25 earnings per share. Research analysts predict that United Rentals, Inc. will post 16.23 EPS for the current fiscal year.

In other news, Director Jose B. Alvarez purchased 544 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $107.45 per share, for a total transaction of $58,452.80. Following the completion of the transaction, the director now owns 2,413 shares in the company, valued at $259,276.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donald C. Roof sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the sale, the director now 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 owned by corporate insiders.

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About United Rentals

United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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