YHB Investment Advisors Inc. Sells 1,979 Shares of United Rentals, Inc. (URI)
YHB Investment Advisors Inc. cut its position in shares of United Rentals, Inc. (NYSE:URI) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,251 shares of the construction company’s stock after selling 1,979 shares during the quarter. YHB Investment Advisors Inc.’s holdings in United Rentals were worth $2,255,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dumont & Blake Investment Advisors LLC grew its position in United Rentals by 0.3% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $604,000 after buying an additional 15 shares in the last quarter. Profund Advisors LLC grew its position in United Rentals by 1.1% during the second quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after buying an additional 24 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in United Rentals by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock worth $708,000 after buying an additional 25 shares in the last quarter. Bank of Hawaii grew its position in United Rentals by 0.3% during the second quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after buying an additional 30 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in United Rentals by 0.7% during the second quarter. Alps Advisors Inc. now owns 9,511 shares of the construction company’s stock worth $1,072,000 after buying an additional 62 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO William B. Plummer sold 5,301 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the transaction, the chief financial officer now owns 38,055 shares in the company, valued at approximately $4,880,934.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Matthew John Flannery sold 22,324 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $147.44, for a total transaction of $3,291,450.56. Following the completion of the transaction, the chief operating officer now owns 31,243 shares of the company’s stock, valued at approximately $4,606,467.92. The disclosure for this sale can be found here. Insiders sold 65,433 shares of company stock valued at $9,434,570 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.
United Rentals, Inc. (URI) traded up $1.22 during trading hours on Friday, hitting $146.31. 743,200 shares of the stock were exchanged, compared to its average volume of 1,449,689. United Rentals, Inc. has a 52 week low of $88.17 and a 52 week high of $149.45. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $12,374.17, a PE ratio of 14.73, a P/E/G ratio of 0.89 and a beta of 2.65.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. United Rentals’s quarterly revenue was up 17.1% compared to the same quarter last year. analysts anticipate that United Rentals, Inc. will post 10.49 earnings per share for the current fiscal year.
United Rentals declared that its board has authorized a stock repurchase program on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
URI has been the topic of a number of recent research reports. UBS AG reissued a “neutral” rating and set a $125.00 target price on shares of United Rentals in a research report on Sunday, August 20th. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of United Rentals in a report on Tuesday, September 5th. Deutsche Bank AG lifted their price objective on United Rentals from $121.00 to $130.00 and gave the company a “hold” rating in a report on Friday, July 21st. Finally, Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $144.97.
About United Rentals
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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