GYL Financial Synergies LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,040 shares of the construction company’s stock, valued at approximately $233,000.
Other institutional investors also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in United Rentals by 1.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,596 shares of the construction company’s stock worth $982,000 after acquiring an additional 98 shares during the last quarter. Pennsylvania Trust Co increased its stake in United Rentals by 0.9% in the first quarter. Pennsylvania Trust Co now owns 14,865 shares of the construction company’s stock valued at $1,698,000 after acquiring an additional 133 shares during the period. First Manhattan Co. increased its stake in United Rentals by 3.6% in the first quarter. First Manhattan Co. now owns 4,199 shares of the construction company’s stock valued at $479,000 after acquiring an additional 144 shares during the period. CSat Investment Advisory L.P. increased its stake in United Rentals by 160.7% in the fourth quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock valued at $29,000 after acquiring an additional 172 shares during the period. Finally, Eukles Asset Management increased its stake in United Rentals by 6.2% in the first quarter. Eukles Asset Management now owns 2,965 shares of the construction company’s stock valued at $339,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 86.64% of the company’s stock.
In other United Rentals news, Director Michael Kneeland sold 32,007 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.68, for a total value of $3,958,625.76. Following the completion of the transaction, the director now owns 223,871 shares of the company’s stock, valued at approximately $27,688,365.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 233,261 shares of company stock valued at $29,791,035. 1.00% of the stock is owned by insiders.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm earned $2.87 EPS. United Rentals’s revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts predict that United Rentals, Inc. will post 19.63 EPS for the current year.
URI has been the topic of several research analyst reports. OTR Global cut shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. ValuEngine cut shares of Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Morgan Stanley cut shares of Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Finally, Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Two 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 stock. The company presently has an average rating of “Hold” and a consensus price target of $155.73.
About United Rentals
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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