National Pension Service Increases Holdings in United Rentals, Inc. (NYSE:URI)

National Pension Service raised its stake in United Rentals, Inc. (NYSE:URI) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,408 shares of the construction company’s stock after purchasing an additional 10,171 shares during the period. National Pension Service owned 0.15% of United Rentals worth $15,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in URI. Oregon Public Employees Retirement Fund lifted its holdings in United Rentals by 8,780.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock valued at $62,000 after acquiring an additional 6,251,317 shares during the period. BlackRock Inc. lifted its holdings in United Rentals by 2.6% in the fourth quarter. BlackRock Inc. now owns 5,930,671 shares of the construction company’s stock valued at $608,071,000 after acquiring an additional 148,206 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of United Rentals by 37.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock valued at $243,539,000 after buying an additional 641,130 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of United Rentals by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 1,872,326 shares of the construction company’s stock valued at $306,312,000 after buying an additional 112,939 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of United Rentals by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,063,797 shares of the construction company’s stock valued at $108,880,000 after buying an additional 63,099 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

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

URI traded up $10.24 during midday trading on Friday, hitting $136.00. The company’s stock had a trading volume of 4,772,775 shares, compared to its average volume of 1,717,227. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.78. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 0.40 and a beta of 2.49. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week 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, beating the consensus estimate of $3.10 by $0.21. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.87 EPS. Equities research analysts anticipate that United Rentals, Inc. will post 19.32 earnings per share for the current year.

In related news, Director Shiv Singh purchased 390 shares of United Rentals stock in a transaction that occurred on Monday, January 28th. The shares were purchased at an average cost of $124.72 per share, with a total value of $48,640.80. Following the transaction, the director now owns 2,803 shares of the company’s stock, valued at approximately $349,590.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dale A. Asplund sold 11,245 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $125.00, for a total value of $1,405,625.00. Following the transaction, the executive vice president now directly owns 13,010 shares in the company, valued at $1,626,250. The disclosure for this sale can be found here. Insiders sold a total of 64,347 shares of company stock worth $8,276,837 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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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.

See Also: Understanding Price to Earnings Ratio (PE)

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

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