Fieldpoint Private Securities LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 858 shares of the construction company’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in URI. Americafirst Capital Management LLC purchased a new stake in shares of United Rentals during the 2nd quarter worth approximately $151,000. IFP Advisors Inc boosted its stake in shares of United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after acquiring an additional 478 shares in the last quarter. First Manhattan Co. boosted its stake in shares of United Rentals by 42.9% during the 3rd quarter. First Manhattan Co. now owns 1,415 shares of the construction company’s stock worth $196,000 after acquiring an additional 425 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after acquiring an additional 145 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of United Rentals during the 3rd quarter worth approximately $202,000. Institutional investors own 91.75% of the company’s stock.

In related news, insider Michael Kneeland sold 25,421 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $162.76, for a total value of $4,137,521.96. Following the sale, the insider now owns 245,286 shares of the company’s stock, valued at approximately $39,922,749.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Singleton B. Mcallister sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $163.67, for a total value of $360,074.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,760 shares of company stock worth $13,873,111. 1.20% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on URI shares. Jefferies Group reissued a “buy” rating on shares of United Rentals in a research note on Friday, August 18th. Stifel Nicolaus raised United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, August 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Wednesday, September 20th. Citigroup boosted their price target on United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America set a $165.00 price target on United Rentals and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. United Rentals has a consensus rating of “Buy” and an average price target of $152.04.

Shares of United Rentals, Inc. (URI) opened at $164.29 on Friday. United Rentals, Inc. has a 52 week low of $100.62 and a 52 week high of $165.85. 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 stock has a market capitalization of $14,160.00, a P/E ratio of 16.23, a P/E/G ratio of 0.82 and a beta of 2.67.

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 return on equity of 44.81% and a net margin of 9.64%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company earned $2.58 EPS. United Rentals’s revenue was up 17.1% on a year-over-year basis. equities analysts forecast that United Rentals, Inc. will post 10.56 earnings per share for the current year.

United Rentals declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 18th that allows the company to buyback $373.00 million in outstanding shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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