Great West Life Assurance Co. Can Has $8.58 Million Position in United Rentals, Inc. (URI)

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Great West Life Assurance Co. Can reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 50.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 52,369 shares of the construction company’s stock after selling 54,312 shares during the period. Great West Life Assurance Co. Can’s holdings in United Rentals were worth $8,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of URI. Janus Henderson Group PLC raised its holdings in United Rentals by 131.1% during the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock worth $146,992,000 after purchasing an additional 564,954 shares in the last quarter. Columbus Hill Capital Management L.P. purchased a new position in United Rentals during the second quarter worth about $53,143,000. Capital Growth Management LP purchased a new position in United Rentals during the third quarter worth about $55,951,000. Hexavest Inc. raised its holdings in United Rentals by 88.3% during the third quarter. Hexavest Inc. now owns 382,766 shares of the construction company’s stock worth $62,621,000 after purchasing an additional 179,514 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in United Rentals by 26.2% during the third quarter. American Century Companies Inc. now owns 852,277 shares of the construction company’s stock worth $139,433,000 after purchasing an additional 176,951 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Shares of United Rentals stock opened at $103.94 on Friday. United Rentals, Inc. has a 12-month low of $102.09 and a 12-month high of $190.74. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 0.37 and a beta of 2.60.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $3.25 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that United Rentals, Inc. will post 16.23 earnings per share for the current year.

In related news, Director Jose B. Alvarez bought 544 shares of the company’s stock in a transaction on Friday, October 26th. The stock was bought at an average cost of $107.45 per share, with a total value of $58,452.80. Following the completion of the acquisition, the director now owns 2,413 shares in the company, valued at approximately $259,276.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jenne K. Britell bought 435 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was bought at an average cost of $115.07 per share, with a total value of $50,055.45. Following the completion of the acquisition, the director now owns 27,497 shares of the company’s stock, valued at approximately $3,164,079.79. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

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

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Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

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

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