Russell Investments Group Ltd. Raises Holdings in United Rentals, Inc. (URI)

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Russell Investments Group Ltd. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 111.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,409 shares of the construction company’s stock after purchasing an additional 49,137 shares during the quarter. Russell Investments Group Ltd.’s holdings in United Rentals were worth $15,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in United Rentals by 93.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,245 shares of the construction company’s stock valued at $184,000 after purchasing an additional 600 shares in the last quarter. Cerebellum GP LLC bought a new position in United Rentals during the 3rd quarter valued at $187,000. Jag Capital Management LLC bought a new position in United Rentals during the 3rd quarter valued at $203,000. Wagner Bowman Management Corp bought a new position in United Rentals during the 2nd quarter valued at $206,000. Finally, Welch & Forbes LLC bought a new position in United Rentals during the 3rd quarter valued at $215,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

URI has been the subject of a number of research reports. UBS Group set a $196.00 price target on United Rentals and gave the company a “buy” rating in a research note on Friday, July 13th. Morgan Stanley set a $190.00 price target on United Rentals and gave the company a “buy” rating in a research note on Friday, October 19th. Buckingham Research upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Friday, July 13th. ValuEngine downgraded United Rentals from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. United Rentals presently has a consensus rating of “Buy” and a consensus price target of $169.92.

In related news, Director Jenne K. Britell acquired 435 shares of the business’s stock in a transaction dated Monday, October 22nd. The stock was bought at an average price of $115.07 per share, for a total transaction of $50,055.45. Following the transaction, the director now owns 27,497 shares of the company’s stock, valued at $3,164,079.79. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jose B. Alvarez bought 544 shares of United Rentals stock in a transaction dated Friday, October 26th. The stock was acquired at an average price of $107.45 per share, with a total value of $58,452.80. Following the acquisition, the director now directly owns 2,413 shares of the company’s stock, valued at $259,276.85. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Shares of NYSE:URI opened at $126.67 on Friday. United Rentals, Inc. has a one year low of $106.48 and a one year high of $190.74. The firm has a market cap of $10.65 billion, a PE ratio of 8.87, a P/E/G ratio of 0.46 and a beta of 2.61. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $3.25 EPS. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that United Rentals, Inc. will post 16.17 EPS for the current year.

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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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