Collective Family Office LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 29.6% in the first quarter, HoldingsChannel.com reports. The firm owned 1,250 shares of the construction company’s stock after selling 525 shares during the quarter. Collective Family Office LLC’s holdings in United Rentals were worth $412,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in URI. Centaurus Financial Inc. boosted its position in United Rentals by 3.9% in the 4th quarter. Centaurus Financial Inc. now owns 1,071 shares of the construction company’s stock valued at $248,000 after buying an additional 40 shares during the period. Flputnam Investment Management Co. raised its stake in shares of United Rentals by 2.4% during the 4th quarter. Flputnam Investment Management Co. now owns 1,685 shares of the construction company’s stock worth $391,000 after acquiring an additional 40 shares in the last quarter. Hudock Inc. boosted its stake in United Rentals by 11.6% in the fourth quarter. Hudock Inc. now owns 481 shares of the construction company’s stock valued at $111,000 after acquiring an additional 50 shares in the last quarter. SeaBridge Investment Advisors LLC grew its holdings in United Rentals by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 7,470 shares of the construction company’s stock worth $1,732,000 after purchasing an additional 59 shares during the last quarter. Finally, Eukles Asset Management lifted its holdings in shares of United Rentals by 1.1% during the 4th quarter. Eukles Asset Management now owns 5,307 shares of the construction company’s stock valued at $1,231,000 after purchasing an additional 60 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.
In other United Rentals news, COO Dale A. Asplund sold 6,982 shares of United Rentals stock in a transaction on Monday, February 1st. The shares were sold at an average price of $248.99, for a total value of $1,738,448.18. Following the transaction, the chief operating officer now directly owns 19,604 shares in the company, valued at $4,881,199.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Craig Adam Pintoff sold 1,692 shares of the stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $314.37, for a total transaction of $531,914.04. Following the sale, the executive vice president now owns 18,876 shares of the company’s stock, valued at approximately $5,934,048.12. The disclosure for this sale can be found here. Insiders sold 10,571 shares of company stock valued at $2,731,257 over the last three months. Corporate insiders own 1.00% of the company’s stock.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 27th. The construction company reported $5.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.78. United Rentals had a net margin of 10.69% and a return on equity of 34.19%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $5.60 earnings per share. United Rentals’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities research analysts predict that United Rentals, Inc. will post 16.75 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Smith Barney Citigroup cut United Rentals from a “buy” rating to a “neutral” rating in a research note on Thursday, December 17th. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating and set a $266.00 target price for the company. in a research note on Tuesday, February 2nd. Redburn Partners assumed coverage on shares of United Rentals in a report on Wednesday, February 24th. They issued a “buy” rating for the company. KeyCorp increased their price target on shares of United Rentals from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, March 31st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of United Rentals in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. United Rentals currently has an average rating of “Hold” and an average price target of $249.00.
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.
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