United Rentals, Inc. (URI) Stake Lifted by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 90.8% during the first quarter, HoldingsChannel.com reports. The fund owned 7,231 shares of the construction company’s stock after acquiring an additional 3,442 shares during the quarter. Cetera Advisor Networks LLC’s holdings in United Rentals were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of URI. Oregon Public Employees Retirement Fund increased its stake in shares of United Rentals by 8,780.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock worth $62,000 after acquiring an additional 6,251,317 shares during the period. Norges Bank acquired a new position in shares of United Rentals during the fourth quarter worth about $76,188,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of United Rentals by 37.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock worth $243,539,000 after acquiring an additional 641,130 shares during the period. Anchor Bolt Capital LP acquired a new position in shares of United Rentals during the fourth quarter worth about $60,853,000. Finally, Scout Investments Inc. increased its stake in shares of United Rentals by 248.9% during the first quarter. Scout Investments Inc. now owns 613,455 shares of the construction company’s stock worth $70,087,000 after acquiring an additional 437,638 shares during the period. Institutional investors and hedge funds own 88.61% of the company’s stock.

In other United Rentals news, EVP Craig Adam Pintoff sold 4,566 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $123.17, for a total transaction of $562,394.22. Following the transaction, the executive vice president now directly owns 17,880 shares in the company, valued at $2,202,279.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Kneeland sold 30,000 shares of the company’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 transaction, the chief executive officer now owns 202,237 shares in the company, valued at $26,842,917.01. The disclosure for this sale can be found here. Insiders have sold 130,190 shares of company stock worth $17,028,371 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

URI has been the topic of a number of recent analyst reports. Standpoint Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Wednesday, March 27th. Morgan Stanley boosted their price target on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Finally, OTR Global lowered shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $156.91.

Shares of URI opened at $126.33 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 3.31. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $175.42. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 0.37 and a beta of 2.56.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the business posted $2.87 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts anticipate that United Rentals, Inc. will post 19.67 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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