ClariVest Asset Management LLC decreased its holdings in United Rentals, Inc. (NYSE:URI) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,813 shares of the construction company’s stock after selling 15,092 shares during the period. ClariVest Asset Management LLC owned 0.29% of United Rentals worth $26,372,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cigna Investments Inc. New raised its stake in shares of United Rentals by 3.2% during the fourth quarter. Cigna Investments Inc. New now owns 2,552 shares of the construction company’s stock worth $262,000 after acquiring an additional 79 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of United Rentals by 1.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after buying an additional 98 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of United Rentals by 6.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 1,965 shares of the construction company’s stock worth $201,000 after buying an additional 115 shares during the period. Pennsylvania Trust Co increased its stake in shares of United Rentals by 0.9% in the first quarter. Pennsylvania Trust Co now owns 14,865 shares of the construction company’s stock worth $1,698,000 after buying an additional 133 shares during the period. Finally, First Manhattan Co. increased its position in United Rentals by 3.6% during the 1st quarter. First Manhattan Co. now owns 4,199 shares of the construction company’s stock valued at $479,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.
In related news, Director Michael Kneeland sold 84,431 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $131.23, for a total transaction of $11,079,880.13. Following the transaction, the director now owns 276,295 shares of the company’s stock, valued at approximately $36,258,192.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 233,261 shares of company stock worth $29,791,035. Corporate insiders own 1.00% of the company’s stock.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.10 by $0.21. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the company posted $2.87 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts anticipate that United Rentals, Inc. will post 19.62 earnings per share for the current year.
A number of research analysts have issued reports on URI shares. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research report on Wednesday, March 27th. Morgan Stanley boosted their target price on shares of United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Northcoast Research restated a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. OTR Global cut shares of United Rentals to a “positive” rating in a report on Monday, April 1st. Finally, ValuEngine upgraded shares of United Rentals from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $155.73.
United Rentals Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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