Oakbrook Investments LLC Sells 425 Shares of United Rentals, Inc. (URI)

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.

United Rentals (NYSE:URI) last posted its quarterly 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. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 earnings per share. On average, equities research analysts predict that United Rentals, Inc. will post 19.35 earnings per share for the current year.

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

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