Scout Investments Inc. boosted its holdings in United Rentals, Inc. (NYSE:URI) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,817 shares of the construction company’s stock after purchasing an additional 3,908 shares during the period. Scout Investments Inc.’s holdings in United Rentals were worth $18,027,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of United Rentals by 65.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,151 shares of the construction company’s stock worth $2,827,000 after buying an additional 7,567 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in United Rentals by 23.2% in the second quarter. AMP Capital Investors Ltd now owns 50,780 shares of the construction company’s stock valued at $7,496,000 after acquiring an additional 9,571 shares during the last quarter. BB&T Securities LLC boosted its stake in United Rentals by 309.4% in the second quarter. BB&T Securities LLC now owns 21,320 shares of the construction company’s stock valued at $3,146,000 after acquiring an additional 16,113 shares during the last quarter. Raymond James & Associates boosted its stake in United Rentals by 36.6% in the second quarter. Raymond James & Associates now owns 63,744 shares of the construction company’s stock valued at $9,410,000 after acquiring an additional 17,068 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its stake in United Rentals by 99.7% in the second quarter. First Republic Investment Management Inc. now owns 12,373 shares of the construction company’s stock valued at $1,827,000 after acquiring an additional 6,178 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jenne K. Britell acquired 435 shares of the company’s stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average price of $115.07 per share, with a total value of $50,055.45. Following the acquisition, the director now owns 27,497 shares of the company’s stock, valued at approximately $3,164,079.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jose B. Alvarez purchased 544 shares of the stock in a transaction dated Friday, October 26th. The stock was purchased at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the completion of the acquisition, the director now owns 2,413 shares of the company’s stock, valued at approximately $259,276.85. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
NYSE:URI opened at $117.45 on Friday. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 0.34 and a beta of 2.38. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $190.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 2.75.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 17th. The construction company reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.18. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.03 billion. United Rentals had a return on equity of 39.46% and a net margin of 21.96%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.25 earnings per share. On average, analysts predict that United Rentals, Inc. will post 16.27 earnings per share for the current fiscal year.
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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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