Virtu Financial LLC cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 46.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,798 shares of the construction company’s stock after selling 3,307 shares during the quarter. Virtu Financial LLC’s holdings in United Rentals were worth $434,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of URI. Doyle Wealth Management bought a new stake in shares of United Rentals in the fourth quarter worth about $28,000. CSat Investment Advisory L.P. increased its holdings 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 worth $29,000 after purchasing an additional 172 shares during the last quarter. Rational Advisors LLC increased its holdings 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 worth $38,000 after purchasing an additional 364 shares during the last quarter. Executive Wealth Management LLC bought a new stake in shares of United Rentals in the fourth quarter worth about $42,000. Finally, Paradigm Asset Management Co. LLC bought a new stake in shares of United Rentals in the third quarter worth about $49,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on URI shares. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Standpoint Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, OTR Global cut United Rentals to a “positive” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. United Rentals has an average rating of “Buy” and an average price target of $156.82.
URI opened at $136.00 on Monday. The stock has a market capitalization of $10.69 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.40 and a beta of 2.49. United Rentals, Inc. has a 12 month low of $94.28 and a 12 month high of $175.75. The company has a quick ratio of 0.78, a current ratio of 0.77 and a debt-to-equity ratio of 3.31.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.21. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates 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 last year, the business posted $2.87 earnings per share. Analysts anticipate that United Rentals, Inc. will post 19.32 earnings per share for the current year.
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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