Cleararc Capital Inc. Buys New Position in United Rentals, Inc. (NYSE:URI)

Cleararc Capital Inc. acquired a new position in United Rentals, Inc. (NYSE:URI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,935 shares of the construction company’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Dupont Capital Management Corp lifted its stake in United Rentals by 132.0% in the 4th quarter. Dupont Capital Management Corp now owns 2,223 shares of the construction company’s stock valued at $228,000 after acquiring an additional 1,265 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of United Rentals by 57.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,161 shares of the construction company’s stock worth $1,349,000 after acquiring an additional 4,793 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in United Rentals by 130.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,868 shares of the construction company’s stock valued at $602,000 after buying an additional 3,318 shares in the last quarter. Rational Advisors LLC grew its holdings in United Rentals by 9,100.0% in the 4th quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock valued at $38,000 after buying an additional 364 shares in the last quarter. Finally, BBT Capital Management LLC acquired a new stake in shares of United Rentals during the 4th quarter worth $332,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

In other United Rentals news, Director Michael Kneeland sold 84,431 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $131.23, for a total transaction of $11,079,880.13. Following the completion of the sale, the director now directly owns 276,295 shares in the company, valued at $36,258,192.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 233,261 shares of company stock valued at $29,791,035. 1.00% of the stock is owned by insiders.

Shares of NYSE:URI traded up $5.01 during midday trading on Friday, hitting $136.34. The stock had a trading volume of 1,118,332 shares, compared to its average volume of 936,390. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $173.00. The company’s 50 day moving average price is $125.05. The stock has a market cap of $10.33 billion, a P/E ratio of 8.38, a PEG ratio of 0.38 and a beta of 2.63.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $2.87 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that United Rentals, Inc. will post 19.63 earnings per share for the current fiscal year.

A number of brokerages have commented on URI. OTR Global cut United Rentals to a “positive” rating in a research note on Monday, April 1st. Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. UBS Group set a $170.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $155.73.

United Rentals Company 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.

Featured Article: Cost of Goods Sold (COGS)

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

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.