United Rentals, Inc. (URI) Position Increased by BT Investment Management Ltd

BT Investment Management Ltd lifted its stake in United Rentals, Inc. (NYSE:URI) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,691 shares of the construction company’s stock after purchasing an additional 737 shares during the period. BT Investment Management Ltd’s holdings in United Rentals were worth $10,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. State Street Corp lifted its stake in shares of United Rentals by 15.0% in the second quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after purchasing an additional 763,469 shares during the period. Janus Henderson Group PLC lifted its stake in shares of United Rentals by 4,154.0% in the second quarter. Janus Henderson Group PLC now owns 552,510 shares of the construction company’s stock valued at $62,273,000 after purchasing an additional 539,522 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of United Rentals by 3,873.0% in the third quarter. Assenagon Asset Management S.A. now owns 189,670 shares of the construction company’s stock valued at $26,315,000 after purchasing an additional 184,896 shares during the period. Victory Capital Management Inc. lifted its stake in shares of United Rentals by 42.9% in the third quarter. Victory Capital Management Inc. now owns 565,560 shares of the construction company’s stock valued at $78,466,000 after purchasing an additional 169,774 shares during the period. Finally, ClariVest Asset Management LLC lifted its stake in shares of United Rentals by 1,591,311.1% in the third quarter. ClariVest Asset Management LLC now owns 143,227 shares of the construction company’s stock valued at $19,872,000 after purchasing an additional 143,218 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

URI has been the subject of several recent analyst reports. Jefferies Group raised their price objective on shares of United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Bank of America set a $165.00 target price on shares of United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $213.00 target price for the company in a research report on Thursday, February 1st. UBS Group set a $150.00 target price on shares of United Rentals and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Buckingham Research started coverage on shares of United Rentals in a research report on Tuesday, November 21st. They set a “neutral” rating and a $154.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. United Rentals currently has a consensus rating of “Buy” and an average price target of $179.12.

In other news, EVP Dale A. Asplund sold 11,439 shares of United Rentals stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $185.13, for a total transaction of $2,117,702.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $182.75, for a total transaction of $5,482,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,212 shares of company stock valued at $13,856,844. Insiders own 1.20% of the company’s stock.

United Rentals, Inc. (NYSE URI) opened at $173.58 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81. The stock has a market cap of $14,680.00, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.59 and a beta of 2.60. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $189.00.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.25 by $0.09. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. United Rentals had a net margin of 20.27% and a return on equity of 40.20%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 earnings per share. equities analysts expect that United Rentals, Inc. will post 15.38 EPS for the current year.

United Rentals announced that its Board of Directors has approved a share repurchase program on Wednesday, October 18th that permits the company to buyback $373.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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United Rentals 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.

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

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