Meeder Asset Management Inc. Purchases 3,813 Shares of United Rentals, Inc. (URI)

Meeder Asset Management Inc. lifted its position in United Rentals, Inc. (NYSE:URI) by 188.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,833 shares of the construction company’s stock after acquiring an additional 3,813 shares during the quarter. Meeder Asset Management Inc.’s holdings in United Rentals were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new stake in shares of United Rentals in the fourth quarter valued at about $28,000. Ropes Wealth Advisors LLC bought a new position in United Rentals in the first quarter worth about $32,000. CSat Investment Advisory L.P. raised its holdings in United Rentals by 160.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock worth $29,000 after purchasing an additional 172 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in United Rentals in the third quarter worth about $49,000. Finally, Rational Advisors LLC raised its holdings in United Rentals by 9,100.0% in the fourth quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock worth $38,000 after purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

In other news, CEO Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $132.73, for a total transaction of $3,981,900.00. Following the sale, the chief executive officer now owns 202,237 shares in the company, valued at $26,842,917.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig Adam Pintoff sold 7,343 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $125.66, for a total value of $922,721.38. Following the sale, the executive vice president now owns 18,720 shares in the company, valued at approximately $2,352,355.20. The disclosure for this sale can be found here. Insiders have sold 64,347 shares of company stock worth $8,276,837 in the last 90 days. Insiders own 1.00% of the company’s stock.

A number of equities analysts have commented on URI shares. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, OTR Global downgraded shares of United Rentals to a “positive” rating in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $156.82.

Shares of United Rentals stock opened at $136.00 on Friday. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.36 and a beta of 2.49. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.19. United Rentals, Inc. has a one year low of $94.28 and a one year high of $175.75.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, topping the Zacks’ consensus estimate of $3.10 by $0.21. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 19.35 EPS for the current year.

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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.

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

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