Carillon Tower Advisers Inc. Lowers Stock Holdings in United Rentals, Inc. (NYSE:URI)

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Carillon Tower Advisers Inc. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 22.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,331 shares of the construction company’s stock after selling 150,775 shares during the quarter. Carillon Tower Advisers Inc. owned approximately 0.69% of United Rentals worth $64,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CNB Bank lifted its position in shares of United Rentals by 93.6% in the third quarter. CNB Bank now owns 881 shares of the construction company’s stock valued at $110,000 after acquiring an additional 426 shares in the last quarter. Unigestion Holding SA purchased a new position in shares of United Rentals in the third quarter valued at approximately $858,000. Traynor Capital Management Inc. lifted its position in shares of United Rentals by 7.1% in the third quarter. Traynor Capital Management Inc. now owns 15,442 shares of the construction company’s stock valued at $1,924,000 after acquiring an additional 1,029 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA lifted its position in shares of United Rentals by 1.4% in the third quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 16,702 shares of the construction company’s stock valued at $2,082,000 after acquiring an additional 230 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC lifted its position in shares of United Rentals by 17.6% in the third quarter. Alpine Woods Capital Investors LLC now owns 25,450 shares of the construction company’s stock valued at $3,172,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.

NYSE:URI opened at $155.32 on Friday. United Rentals, Inc. has a one year low of $94.28 and a one year high of $155.74. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 0.71. The stock has a market cap of $11.05 billion, a PE ratio of 9.55, a P/E/G ratio of 0.64 and a beta of 2.68. The stock has a 50 day moving average price of $128.39 and a 200 day moving average price of $124.93.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the firm earned $4.74 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts predict that United Rentals, Inc. will post 19.28 earnings per share for the current fiscal year.

Several research firms have recently weighed in on URI. Goldman Sachs Group raised their target price on United Rentals from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. UBS Group downgraded United Rentals from a “buy” rating to a “neutral” rating and decreased their target price for the company from $166.00 to $118.00 in a research report on Tuesday, October 8th. Citigroup restated a “buy” rating and issued a $160.00 target price on shares of United Rentals in a research report on Wednesday, September 11th. Deutsche Bank set a $128.00 target price on United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $137.67.

In other United Rentals news, Director Filippo Passerini bought 2,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was bought at an average price of $110.37 per share, with a total value of $220,740.00. Following the completion of the purchase, the director now directly owns 8,783 shares in the company, valued at $969,379.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Kneeland sold 22,999 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $151.08, for a total value of $3,474,688.92. Following the sale, the director now directly owns 181,973 shares of the company’s stock, valued at approximately $27,492,480.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,770 shares of company stock valued at $4,292,710. Insiders own 1.00% of the company’s stock.

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.

Read More: Return on Investment (ROI)

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

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