361 Capital LLC Grows Holdings in United Rentals, Inc. (URI)

361 Capital LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 27.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,512 shares of the construction company’s stock after buying an additional 3,161 shares during the period. 361 Capital LLC’s holdings in United Rentals were worth $1,658,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in URI. Oregon Public Employees Retirement Fund boosted its position in United Rentals by 8,780.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock valued at $62,000 after buying an additional 6,251,317 shares during the period. Norges Bank purchased a new stake in United Rentals in the 4th quarter valued at about $76,188,000. Amundi Pioneer Asset Management Inc. boosted its position in United Rentals by 37.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock valued at $243,539,000 after buying an additional 641,130 shares during the period. Anchor Bolt Capital LP purchased a new stake in United Rentals in the 4th quarter valued at about $60,853,000. Finally, Scout Investments Inc. boosted its position in United Rentals by 248.9% in the 1st quarter. Scout Investments Inc. now owns 613,455 shares of the construction company’s stock valued at $70,087,000 after buying an additional 437,638 shares during the period. 88.61% of the stock is owned by institutional investors.

Shares of URI opened at $126.73 on Wednesday. United Rentals, Inc. has a fifty-two week low of $94.28 and a fifty-two week high of $175.42. The company has a market capitalization of $9.75 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.36 and a beta of 2.56. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 EPS. As a group, equities analysts expect that United Rentals, Inc. will post 19.67 EPS for the current year.

URI has been the subject of several research reports. Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Morgan Stanley upped their price target on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. ValuEngine raised shares of United Rentals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, April 17th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $156.91.

In related news, EVP Paul I. Mcdonnell sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the transaction, the executive vice president now owns 22,285 shares in the company, valued at approximately $2,798,773.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 4,566 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $123.17, for a total transaction of $562,394.22. Following the transaction, the executive vice president now owns 17,880 shares of the company’s stock, valued at approximately $2,202,279.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,770 shares of company stock valued at $18,049,140. 1.00% of the stock is currently owned by company insiders.

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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.

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

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