Callahan Advisors LLC bought a new position in United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,326 shares of the construction company’s stock, valued at approximately $3,162,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Manhattan Co. lifted its position in United Rentals by 2,076.9% in the third quarter. First Manhattan Co. now owns 43,320 shares of the construction company’s stock worth $7,087,000 after purchasing an additional 41,330 shares during the period. Winslow Evans & Crocker Inc. lifted its position in United Rentals by 180.3% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,812 shares of the construction company’s stock worth $626,000 after purchasing an additional 2,452 shares during the period. Graybill Bartz & Assoc Ltd. lifted its position in United Rentals by 3.9% in the third quarter. Graybill Bartz & Assoc Ltd. now owns 18,600 shares of the construction company’s stock worth $3,043,000 after purchasing an additional 693 shares during the period. Chesley Taft & Associates LLC acquired a new stake in United Rentals in the third quarter worth approximately $316,000. Finally, Atalanta Sosnoff Capital LLC acquired a new stake in United Rentals in the third quarter worth approximately $6,877,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.
In other news, Director Jenne K. Britell bought 435 shares of the business’s stock in a transaction on Monday, October 22nd. The shares were bought at an average cost of $115.07 per share, with a total value of $50,055.45. Following the purchase, the director now directly owns 27,497 shares in the company, valued at $3,164,079.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Donald C. Roof sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the transaction, the director now directly owns 12,564 shares in the company, valued at $2,107,987.92. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Shares of NYSE:URI opened at $129.76 on Wednesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a one year low of $106.48 and a one year high of $190.74. The firm has a market cap of $10.15 billion, a PE ratio of 12.25, a P/E/G ratio of 0.44 and a beta of 2.61.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $3.25 EPS. The company’s revenue was up 19.8% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 16.17 EPS for the current year.
A number of equities research analysts have weighed in on the company. Bank of America set a $200.00 target price on United Rentals and gave the stock a “buy” rating in a research report on Thursday, September 13th. Buckingham Research set a $190.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price objective for the company in a research report on Tuesday, September 18th. Deutsche Bank set a $158.00 price objective on United Rentals and gave the company a “hold” rating in a research report on Wednesday, September 5th. Finally, UBS Group set a $196.00 price objective on United Rentals and gave the company a “buy” rating in a research report on Friday, July 13th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $169.92.
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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 Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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