Columbus Circle Investors Invests $22.72 Million in United Rentals (URI) Stock

Columbus Circle Investors acquired a new stake in shares of United Rentals (NYSE:URI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 131,554 shares of the construction company’s stock, valued at approximately $22,723,000. Columbus Circle Investors owned about 0.16% of United Rentals as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in URI. Signaturefd LLC purchased a new stake in United Rentals during the 1st quarter valued at about $128,000. First Dallas Securities Inc. purchased a new stake in United Rentals during the 4th quarter valued at about $129,000. Cypress Capital Management LLC WY grew its position in United Rentals by 73.0% during the 4th quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after purchasing an additional 325 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in United Rentals by 63.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after purchasing an additional 374 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in United Rentals by 200.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the construction company’s stock valued at $206,000 after purchasing an additional 800 shares during the last quarter. 89.64% of the stock is currently owned by institutional investors.

In other news, SVP Jessica Graziano sold 1,635 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $181.25, for a total value of $296,343.75. Following the transaction, the senior vice president now owns 6,457 shares in the company, valued at approximately $1,170,331.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dale A. Asplund sold 1,229 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $188.13, for a total transaction of $231,211.77. Following the completion of the transaction, the executive vice president now owns 16,116 shares in the company, valued at approximately $3,031,903.08. The disclosure for this sale can be found here. Insiders have sold a total of 82,864 shares of company stock worth $14,991,556 in the last 90 days. Company insiders own 1.00% of the company’s stock.

United Rentals opened at $170.36 on Friday, according to Marketbeat.com. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 2.75. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 0.57 and a beta of 2.56. United Rentals has a 52-week low of $164.99 and a 52-week high of $166.70.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 18th. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.53. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. United Rentals had a net margin of 20.23% and a return on equity of 39.19%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. analysts expect that United Rentals will post 15.72 EPS for the current year.

United Rentals declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 18th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 9.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Several analysts recently commented on URI shares. Stifel Nicolaus increased their price objective on shares of United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Royal Bank of Canada increased their price objective on shares of United Rentals from $194.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Bank of America increased their price objective on shares of United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, January 26th. UBS increased their price objective on shares of United Rentals from $150.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Buckingham Research increased their price objective on shares of United Rentals from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. United Rentals currently has an average rating of “Hold” and a consensus price target of $188.64.

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 Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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