Gilman Hill Asset Management LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,830 shares of the construction company’s stock after selling 590 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $1,225,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of URI. First Interstate Bank bought a new stake in shares of United Rentals in the second quarter valued at approximately $26,000. Prestige Wealth Management Group LLC bought a new stake in shares of United Rentals in the second quarter valued at approximately $27,000. North Star Investment Management Corp. bought a new stake in shares of United Rentals in the third quarter valued at approximately $31,000. Kistler Tiffany Companies LLC boosted its stake in shares of United Rentals by 576.9% in the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after buying an additional 225 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in shares of United Rentals in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 87.64% of the company’s stock.
Several equities research analysts recently issued reports on URI shares. Citigroup reiterated a “buy” rating and issued a $160.00 price target on shares of United Rentals in a research note on Wednesday, September 11th. Goldman Sachs Group upgraded United Rentals from a “neutral” rating to a “buy” rating and boosted their price target for the company from $128.00 to $165.00 in a research note on Friday, September 20th. UBS Group cut United Rentals from a “buy” rating to a “neutral” rating and cut their price target for the company from $166.00 to $118.00 in a research note on Tuesday, October 8th. Morgan Stanley cut their target price on United Rentals from $168.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, Zacks Investment Research upgraded United Rentals from a “sell” rating to a “hold” rating and set a $119.00 target price for the company in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $137.80.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company earned $4.74 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that United Rentals, Inc. will post 18.9 earnings per share for the current year.
In other United Rentals news, Director Jose B. Alvarez bought 238 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was purchased at an average cost of $125.98 per share, for a total transaction of $29,983.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Filippo Passerini bought 2,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $110.37 per share, with a total value of $220,740.00. Following the completion of the purchase, the director now directly owns 8,783 shares of the company’s stock, valued at $969,379.71. The disclosure for this purchase can be found here. Insiders have acquired 7,238 shares of company stock valued at $842,073 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.
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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