Landsberg Bennett & Dubbaneh LLC Decreases Position in United Rentals, Inc. (NYSE:URI)

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Landsberg Bennett & Dubbaneh LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,750 shares of the construction company’s stock after selling 240 shares during the quarter. Landsberg Bennett & Dubbaneh LLC’s holdings in United Rentals were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of URI. First Interstate Bank purchased a new stake in United Rentals during the second quarter worth approximately $26,000. Prestige Wealth Management Group LLC purchased a new stake in United Rentals during the second quarter worth approximately $27,000. North Star Investment Management Corp. purchased a new stake in United Rentals during the third quarter worth approximately $31,000. Kistler Tiffany Companies LLC lifted its stake in United Rentals by 576.9% during the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock worth $35,000 after purchasing an additional 225 shares during the last quarter. Finally, Thor Advisors LLC purchased a new stake in United Rentals during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

Several equities research analysts recently weighed in on URI shares. Morgan Stanley decreased their target price on United Rentals from $168.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday. Macquarie set a $99.00 target price on United Rentals and gave the stock a “sell” rating in a research note on Friday, July 19th. UBS Group cut United Rentals from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $166.00 to $118.00 in a research note on Tuesday. Citigroup reaffirmed a “buy” rating and set a $160.00 price target on shares of United Rentals in a research report on Wednesday, September 11th. Finally, Deutsche Bank set a $128.00 price target on United Rentals and gave the stock a “hold” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $141.18.

URI opened at $118.40 on Friday. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.47 and a beta of 2.66. United Rentals, Inc. has a 52 week low of $94.28 and a 52 week high of $144.81. The business’s 50 day moving average is $118.42 and its two-hundred day moving average is $123.18. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, topping the consensus estimate of $4.48 by $0.26. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. The firm’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.85 earnings per share. Equities analysts expect that United Rentals, Inc. will post 19.24 EPS for the current fiscal year.

In related news, Director Filippo Passerini bought 2,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average price of $110.37 per share, with a total value of $220,740.00. Following the completion of the acquisition, the director now owns 8,783 shares in the company, valued at approximately $969,379.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Donald C. Roof bought 5,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was bought at an average cost of $118.27 per share, for a total transaction of $591,350.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 7,238 shares of company stock worth $842,073. 1.00% of the stock is currently owned by corporate insiders.

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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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.

Further Reading: Dividend

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

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