PNC Financial Services Group Inc. lessened its holdings in United Rentals, Inc. (NYSE:URI) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,249 shares of the construction company’s stock after selling 11,631 shares during the period. PNC Financial Services Group Inc. owned approximately 0.16% of United Rentals worth $11,963,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in URI. Janney Montgomery Scott LLC lifted its stake in shares of United Rentals by 229.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 37,598 shares of the construction company’s stock valued at $6,270,000 after purchasing an additional 26,196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of United Rentals by 29.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,814 shares of the construction company’s stock valued at $9,141,000 after purchasing an additional 12,332 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at $257,000. Nwam LLC purchased a new stake in shares of United Rentals in the 4th quarter valued at $355,000. Finally, Hollencrest Capital Management purchased a new stake in shares of United Rentals in the 4th quarter valued at $247,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.
In other United Rentals news, Director Shiv Singh acquired 600 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $88.53 per share, for a total transaction of $53,118.00. Following the acquisition, the director now owns 4,523 shares in the company, valued at approximately $400,421.19. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Shares of NYSE URI opened at $130.56 on Friday. The stock’s 50-day moving average is $110.44 and its two-hundred day moving average is $135.10. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.11 and a quick ratio of 1.05. United Rentals, Inc. has a 1-year low of $58.85 and a 1-year high of $170.04. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.91 and a beta of 2.27.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. United Rentals had a return on equity of 41.15% and a net margin of 12.52%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the business posted $3.31 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 11.64 earnings per share for the current fiscal year.
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.
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