United Rentals, Inc. (URI) Shares Sold by WINTON GROUP Ltd
WINTON GROUP Ltd reduced its position in United Rentals, Inc. (NYSE:URI) by 68.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,804 shares of the construction company’s stock after selling 77,942 shares during the period. WINTON GROUP Ltd’s holdings in United Rentals were worth $4,035,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Colony Group LLC purchased a new position in United Rentals in the 2nd quarter valued at approximately $220,000. Kalos Management Inc. increased its stake in United Rentals by 2.4% in the 2nd quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock valued at $519,000 after purchasing an additional 108 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in United Rentals in the 2nd quarter valued at approximately $633,000. Nomura Holdings Inc. purchased a new position in United Rentals in the 2nd quarter valued at approximately $1,211,000. Finally, Americafirst Capital Management LLC purchased a new position in United Rentals in the 2nd quarter valued at approximately $151,000. 93.66% of the stock is owned by hedge funds and other institutional investors.
In other United Rentals news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the transaction, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
URI has been the subject of several research analyst reports. BidaskClub raised United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded United Rentals from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Thursday, July 13th. Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $128.00 to $138.00 in a research report on Monday, July 17th. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 price target (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $135.70.
Shares of United Rentals, Inc. (NYSE URI) traded down 0.91% on Tuesday, hitting $144.47. The company’s stock had a trading volume of 387,297 shares. The stock’s 50 day moving average price is $131.26 and its 200 day moving average price is $117.62. The stock has a market capitalization of $12.21 billion, a P/E ratio of 20.99 and a beta of 2.46. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $145.63.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $2.06 earnings per share. United Rentals’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, analysts forecast that United Rentals, Inc. will post $10.07 earnings per share for the current fiscal year.
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United Rentals Profile
United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.
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