Dupont Capital Management Corp Decreases Holdings in United Rentals, Inc. (URI)

Dupont Capital Management Corp lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 16.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,195 shares of the construction company’s stock after selling 6,032 shares during the quarter. Dupont Capital Management Corp’s holdings in United Rentals were worth $4,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of URI. State Street Corp grew its stake in shares of United Rentals by 15.0% during the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock worth $658,586,000 after buying an additional 763,469 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of United Rentals by 320.7% during the second quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock worth $85,670,000 after buying an additional 579,400 shares during the last quarter. Pioneer Investment Management Inc. grew its stake in shares of United Rentals by 127.4% during the second quarter. Pioneer Investment Management Inc. now owns 990,759 shares of the construction company’s stock worth $111,669,000 after buying an additional 555,089 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of United Rentals by 4,154.0% during the second quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock worth $62,273,000 after buying an additional 539,522 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of United Rentals by 282.4% during the second quarter. PNC Financial Services Group Inc. now owns 570,236 shares of the construction company’s stock worth $64,272,000 after buying an additional 421,101 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals, Inc. (NYSE URI) opened at $144.71 on Monday. The stock has a market cap of $12,238.79, a price-to-earnings ratio of 14.57, a P/E/G ratio of 0.88 and a beta of 2.65. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. United Rentals, Inc. has a fifty-two week low of $71.55 and a fifty-two week high of $147.60.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. equities analysts expect that United Rentals, Inc. will post 10.49 EPS for the current year.

United Rentals declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 18th that authorizes the company to buyback $373.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Several analysts recently weighed in on the stock. Citigroup Inc. boosted their price objective on shares of United Rentals from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of United Rentals in a research note on Friday, October 20th. UBS AG set a $150.00 price objective on shares of United Rentals and gave the stock a “hold” rating in a research note on Thursday, October 19th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of United Rentals in a research note on Thursday, October 19th. Finally, Bank of America Corporation set a $165.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $144.97.

COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/11/06/dupont-capital-management-corp-decreases-holdings-in-united-rentals-inc-uri.html.

In other news, Director Filippo Passerini sold 3,308 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $143.24, for a total transaction of $473,837.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the transaction, the chief financial officer now owns 38,055 shares in the company, valued at approximately $4,880,934.30. The disclosure for this sale can be found here. Insiders have sold 43,109 shares of company stock worth $6,143,119 in the last quarter. Company insiders own 1.20% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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

What are top analysts saying about United Rentals Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Rentals Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit