Sciencast Management LP Takes $496,000 Position in United Rentals, Inc. (NYSE:URI)

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Sciencast Management LP purchased a new position in United Rentals, Inc. (NYSE:URI) during the second quarter, Holdings Channel.com reports. The firm purchased 3,179 shares of the construction company’s stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Jacobi Capital Management LLC lifted its stake in United Rentals by 1,953.0% during the second quarter. Jacobi Capital Management LLC now owns 3,449 shares of the construction company’s stock valued at $25,000 after buying an additional 3,281 shares in the last quarter. Hanson & Doremus Investment Management raised its holdings in shares of United Rentals by 105.9% during the first quarter. Hanson & Doremus Investment Management now owns 278 shares of the construction company’s stock valued at $29,000 after acquiring an additional 143 shares during the period. Cornerstone Advisors Inc. lifted its position in shares of United Rentals by 68.6% in the 1st quarter. Cornerstone Advisors Inc. now owns 354 shares of the construction company’s stock valued at $36,000 after acquiring an additional 144 shares in the last quarter. NuWave Investment Management LLC acquired a new position in United Rentals in the 2nd quarter worth approximately $36,000. Finally, Golden State Wealth Management LLC purchased a new position in United Rentals during the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

In related news, Director Michael Kneeland sold 41,936 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $155.60, for a total transaction of $6,525,241.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 553 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $162.80, for a total value of $90,028.40. Following the sale, the vice president now owns 1,953 shares of the company’s stock, valued at approximately $317,948.40. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of research analysts have recently weighed in on URI shares. Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a report on Friday, May 1st. Cfra dropped their target price on United Rentals from $180.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. TheStreet upgraded shares of United Rentals from a “c+” rating to a “b-” rating in a report on Wednesday, June 3rd. Robert W. Baird initiated coverage on shares of United Rentals in a research note on Monday, June 8th. They issued an “outperform” rating and a $185.00 price objective on the stock. Finally, Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $148.29.

Shares of NYSE:URI opened at $155.37 on Friday. United Rentals, Inc. has a 1 year low of $58.85 and a 1 year high of $170.04. The firm has a fifty day moving average price of $152.25 and a 200 day moving average price of $132.17. The company has a current ratio of 0.84, a quick ratio of 1.05 and a debt-to-equity ratio of 2.46. The stock has a market capitalization of $11.20 billion, a PE ratio of 8.36, a P/E/G ratio of 1.00 and a beta of 2.28.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $1.75. United Rentals had a return on equity of 37.16% and a net margin of 12.37%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $4.74 EPS. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. On average, sell-side analysts forecast that United Rentals, Inc. will post 13.17 earnings per share for the current fiscal year.

United Rentals 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: What Is An Exchange-Traded Fund (ETF)?

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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