Oakbrook Investments LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,695 shares of the construction company’s stock after selling 425 shares during the quarter. Oakbrook Investments LLC’s holdings in United Rentals were worth $993,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Doyle Wealth Management purchased a new stake in shares of United Rentals in the fourth quarter valued at $28,000. CSat Investment Advisory L.P. raised its stake in shares of United Rentals by 160.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock valued at $29,000 after acquiring an additional 172 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in shares of United Rentals in the first quarter valued at $32,000. Rational Advisors LLC raised its stake in shares of United Rentals by 9,100.0% in the fourth quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock valued at $38,000 after acquiring an additional 364 shares during the period. Finally, Executive Wealth Management LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at $42,000. 87.51% of the stock is currently owned by institutional investors.
Shares of URI opened at $136.00 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of $10.72 billion, a PE ratio of 8.36, a PEG ratio of 0.36 and a beta of 2.49. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $175.75.
Several equities research analysts have recently weighed in on URI shares. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, OTR Global downgraded shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and a consensus price target of $156.82.
In other news, CFO Jessica Graziano sold 547 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $123.36, for a total value of $67,477.92. Following the transaction, the chief financial officer now directly owns 11,247 shares in the company, valued at $1,387,429.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul I. Mcdonnell sold 10,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the transaction, the executive vice president now owns 22,285 shares in the company, valued at $2,798,773.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,347 shares of company stock worth $8,276,837. Company insiders own 1.00% of the company’s stock.
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About United Rentals
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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