Exencial Wealth Advisors LLC increased its position in shares of United Rentals, Inc. (NYSE:URI – Get Rating) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,241 shares of the construction company’s stock after purchasing an additional 1,304 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in United Rentals were worth $9,717,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in United Rentals by 42.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 90 shares of the construction company’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in United Rentals by 430.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 122 shares of the construction company’s stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in United Rentals in the fourth quarter valued at $43,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in United Rentals in the third quarter valued at $53,000. Finally, Wolff Wiese Magana LLC lifted its stake in United Rentals by 2,062.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 173 shares of the construction company’s stock valued at $58,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.
NYSE URI traded up $5.42 during trading on Friday, reaching $288.44. 566,514 shares of the company’s stock were exchanged, compared to its average volume of 887,024. United Rentals, Inc. has a fifty-two week low of $269.37 and a fifty-two week high of $414.99. The firm has a market capitalization of $20.66 billion, a PE ratio of 13.54, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.40. The company’s fifty day simple moving average is $327.59 and its 200-day simple moving average is $335.12.
United Rentals declared that its Board of Directors has approved a stock buyback program on Wednesday, January 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities research analysts have issued reports on URI shares. Zacks Investment Research cut United Rentals from a “hold” rating to a “sell” rating and set a $383.00 target price on the stock. in a research note on Wednesday, March 30th. The Goldman Sachs Group raised their price target on United Rentals from $415.00 to $425.00 in a report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft lowered their price target on United Rentals from $421.00 to $396.00 in a report on Friday, April 29th. Wells Fargo & Company initiated coverage on United Rentals in a report on Friday, March 11th. They set an “overweight” rating and a $425.00 price target on the stock. Finally, Robert W. Baird raised their price target on United Rentals from $317.00 to $324.00 in a report on Thursday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average price target of $382.33.
In related news, EVP Craig Adam Pintoff sold 1,652 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $323.41, for a total value of $534,273.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Dale A. Asplund sold 6,575 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $318.58, for a total value of $2,094,663.50. Following the completion of the sale, the chief operating officer now owns 26,666 shares of the company’s stock, valued at $8,495,254.28. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
About United Rentals (Get Rating)
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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