United Rentals, Inc. (URI) Position Decreased by Riverhead Capital Management LLC

Riverhead Capital Management LLC lessened its holdings in United Rentals, Inc. (NYSE:URI) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,445 shares of the construction company’s stock after selling 3,700 shares during the period. United Rentals comprises about 0.5% of Riverhead Capital Management LLC’s portfolio, making the stock its 29th largest holding. Riverhead Capital Management LLC owned 0.11% of United Rentals worth $14,470,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in United Rentals by 103.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 984 shares of the construction company’s stock worth $161,000 after buying an additional 500 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in United Rentals by 93.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock worth $184,000 after buying an additional 600 shares during the last quarter. Cerebellum GP LLC acquired a new stake in United Rentals in the 3rd quarter worth about $187,000. Lincoln National Corp acquired a new position in shares of United Rentals during the 3rd quarter worth approximately $200,000. Finally, Jag Capital Management LLC acquired a new position in shares of United Rentals during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

In other news, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the sale, the director now owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jose B. Alvarez acquired 544 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were bought at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the transaction, the director now directly owns 2,413 shares of the company’s stock, valued at approximately $259,276.85. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

NYSE URI traded down $6.20 on Tuesday, reaching $113.06. The stock had a trading volume of 309,618 shares, compared to its average volume of 1,714,308. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.41 and a beta of 2.60. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 2.75. United Rentals, Inc. has a 12-month low of $106.48 and a 12-month high of $190.74.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.25 earnings per share. Analysts anticipate that United Rentals, Inc. will post 16.23 EPS for the current fiscal year.

Several brokerages have recently weighed in on URI. Zacks Investment Research restated a “hold” rating and set a $134.00 target price on shares of United Rentals in a report on Saturday, November 17th. UBS Group set a $180.00 target price on United Rentals and gave the stock a “buy” rating in a report on Thursday, November 15th. Morgan Stanley lowered their target price on United Rentals from $190.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Standpoint Research began coverage on United Rentals in a report on Tuesday, October 23rd. They set a “buy” rating and a $140.00 target price on the stock. Finally, Argus upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $165.69.

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United Rentals Company Profile

United Rentals, Inc is a holding company, which through its subsidiary, engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The company operates through two business segments: General Rentals; and Trench, power and pump.

Featured Story: Debt-To-Equity Ratio

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

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