United Rentals (URI) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of United Rentals (NYSE:URI) by 29.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,951 shares of the construction company’s stock after acquiring an additional 674 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in United Rentals were worth $507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of URI. Amundi Pioneer Asset Management Inc. raised its position in shares of United Rentals by 42.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,524,419 shares of the construction company’s stock worth $262,063,000 after acquiring an additional 450,646 shares in the last quarter. AGF Investments Inc. acquired a new stake in shares of United Rentals during the 4th quarter worth about $72,614,000. Capital Growth Management LP acquired a new stake in shares of United Rentals during the 4th quarter worth about $65,326,000. Allianz Asset Management GmbH raised its position in shares of United Rentals by 275.6% during the 4th quarter. Allianz Asset Management GmbH now owns 488,452 shares of the construction company’s stock worth $83,969,000 after acquiring an additional 358,413 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of United Rentals by 447.8% during the 4th quarter. First Trust Advisors LP now owns 334,265 shares of the construction company’s stock worth $57,463,000 after acquiring an additional 273,242 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

In other United Rentals news, SVP Jessica Graziano sold 1,635 shares of United Rentals stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $181.25, for a total value of $296,343.75. Following the transaction, the senior vice president now directly owns 6,457 shares in the company, valued at approximately $1,170,331.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dale A. Asplund sold 1,229 shares of United Rentals stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $188.13, for a total value of $231,211.77. Following the completion of the transaction, the executive vice president now owns 16,116 shares in the company, valued at $3,031,903.08. The disclosure for this sale can be found here. Insiders sold a total of 100,448 shares of company stock worth $18,659,953 over the last quarter. Company insiders own 1.00% of the company’s stock.



Several research firms have commented on URI. Bank of America raised United Rentals to a “buy” rating and lifted their price target for the stock from $165.00 to $195.00 in a research report on Tuesday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $171.00 price target on shares of United Rentals in a research report on Thursday, December 14th. Zacks Investment Research lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Morgan Stanley began coverage on United Rentals in a research report on Friday, March 2nd. They set an “overweight” rating and a $194.00 price target on the stock. Finally, Buckingham Research lifted their price target on United Rentals from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.18.

Shares of URI stock opened at $176.32 on Friday. United Rentals has a twelve month low of $100.62 and a twelve month high of $190.74. The company has a market capitalization of $15,025.59, a price-to-earnings ratio of 16.65, a P/E/G ratio of 0.63 and a beta of 2.52. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 2.81.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 24th. The construction company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.09. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $2.67 EPS. The company’s revenue was up 26.2% on a year-over-year basis. equities analysts expect that United Rentals will post 15.29 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “United Rentals (URI) Shares Bought by Cambridge Investment Research Advisors Inc.” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://dakotafinancialnews.com/2018/04/13/united-rentals-uri-shares-bought-by-cambridge-investment-research-advisors-inc.html.

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.

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

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply