United Rentals, Inc. (URI) Holdings Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,215 shares of the construction company’s stock after purchasing an additional 1,060 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in United Rentals were worth $1,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Doyle Wealth Management acquired a new position in United Rentals during the fourth quarter worth about $28,000. Rational Advisors LLC grew its position in United Rentals by 9,100.0% during the fourth quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock worth $38,000 after buying an additional 364 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in United Rentals during the third quarter worth about $49,000. Clarus Wealth Advisors purchased a new stake in shares of United Rentals in the fourth quarter valued at about $62,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of United Rentals by 8,780.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock valued at $62,000 after purchasing an additional 6,251,317 shares in the last quarter. Institutional investors own 85.69% of the company’s stock.

Shares of NYSE URI opened at $120.14 on Friday. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $190.30. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.37 and a beta of 2.52. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 3.19.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $3.34 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, equities analysts predict that United Rentals, Inc. will post 19.31 EPS for the current fiscal year.

Several brokerages have issued reports on URI. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Barclays began coverage on shares of United Rentals in a report on Friday, December 14th. They issued an “equal weight” rating and a $130.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $157.09.

In related news, EVP Craig Adam Pintoff sold 7,343 shares of the company’s stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.66, for a total transaction of $922,721.38. Following the transaction, the executive vice president now owns 18,720 shares of the company’s stock, valued at $2,352,355.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Kneeland sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total transaction of $3,981,900.00. Following the transaction, the chief executive officer now directly owns 202,237 shares in the company, valued at approximately $26,842,917.01. The disclosure for this sale can be found here. Insiders have sold 64,347 shares of company stock worth $8,276,837 in the last three months. Insiders own 1.00% of the company’s stock.

WARNING: “United Rentals, Inc. (URI) Holdings Lifted by Nomura Asset Management Co. Ltd.” was first posted by WKRB News and is owned by of WKRB News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.wkrb13.com/2019/03/17/united-rentals-inc-uri-holdings-lifted-by-nomura-asset-management-co-ltd.html.

United Rentals Company 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.

Further Reading: What is Call Option Volume?

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

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

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.