Restructuring Capital Associates LP purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 100,908 shares of the construction company’s stock, valued at approximately $10,346,000. United Rentals makes up approximately 7.4% of Restructuring Capital Associates LP’s holdings, making the stock its 5th biggest holding.
Other hedge funds have also made changes to their positions in the company. Doyle Wealth Management purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $28,000. Paradigm Asset Management Co. LLC purchased a new stake in shares of United Rentals during the 3rd quarter valued at approximately $49,000. Rational Advisors LLC lifted its stake in shares of United Rentals by 9,100.0% during the 4th quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock valued at $38,000 after buying an additional 364 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $51,000. Finally, Clarus Wealth Advisors purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $62,000. Institutional investors own 85.69% of the company’s stock.
A number of analysts recently commented on URI shares. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Barclays started coverage on shares of United Rentals in a research note on Friday, December 14th. They set an “equal weight” rating and a $130.00 price target on the stock. Finally, UBS Group set a $180.00 price target on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. United Rentals has a consensus rating of “Hold” and a consensus price target of $157.09.
NYSE URI traded down $0.44 on Friday, hitting $121.27. The stock had a trading volume of 14,183 shares, compared to its average volume of 1,577,292. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $190.30. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78. The stock has a market capitalization of $9.69 billion, a PE ratio of 7.46, a P/E/G ratio of 0.37 and a beta of 2.52.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the company posted $3.34 EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, research analysts anticipate that United Rentals, Inc. will post 19.31 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://dakotafinancialnews.com/2019/03/15/100908-shares-in-united-rentals-inc-uri-purchased-by-restructuring-capital-associates-lp.html.
United Rentals Company 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.
Featured Article: How the Consumer Price Index (CPI) is calculated?
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (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.