United Rentals, Inc. (URI) Shares Sold by Cushing Asset Management LP
Cushing Asset Management LP reduced its position in United Rentals, Inc. (NYSE:URI) by 31.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,694 shares of the construction company’s stock after selling 34,822 shares during the period. Cushing Asset Management LP’s holdings in United Rentals were worth $12,841,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new stake in shares of United Rentals in the third quarter worth about $119,000. First Dallas Securities Inc. purchased a new stake in shares of United Rentals in the fourth quarter worth about $129,000. Cypress Capital Management LLC WY raised its position in United Rentals by 73.0% during the fourth quarter. Cypress Capital Management LLC WY now owns 770 shares of the construction company’s stock valued at $132,000 after purchasing an additional 325 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in United Rentals by 63.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 964 shares of the construction company’s stock valued at $166,000 after purchasing an additional 374 shares during the period. Finally, Trexquant Investment LP purchased a new stake in United Rentals during the third quarter valued at approximately $202,000. Institutional investors own 90.22% of the company’s stock.
URI has been the topic of a number of recent research reports. Bank of America upped their price objective on United Rentals from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus upped their price objective on United Rentals from $171.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Jefferies Group restated a “buy” rating and set a $210.00 price objective on shares of United Rentals in a research report on Tuesday, January 16th. Royal Bank of Canada restated a “buy” rating and set a $194.00 price objective on shares of United Rentals in a research report on Thursday, January 11th. Finally, ValuEngine upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $180.18.
United Rentals, Inc. (NYSE URI) opened at $186.65 on Wednesday. The company has a market capitalization of $15,756.74, a P/E ratio of 11.88, a PEG ratio of 0.66 and a beta of 2.53. United Rentals, Inc. has a 52 week low of $100.62 and a 52 week high of $190.74. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.02 and a current ratio of 1.06.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 24th. The construction company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.25 by $0.09. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. United Rentals had a return on equity of 40.20% and a net margin of 20.27%. The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.67 earnings per share. sell-side analysts forecast that United Rentals, Inc. will post 15.22 EPS for the current year.
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United Rentals Company 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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