United Rentals, Inc. (URI) Position Cut by Securian Asset Management Inc

Securian Asset Management Inc cut its position in shares of United Rentals, Inc. (NYSE:URI) by 3.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,212 shares of the construction company’s stock after selling 333 shares during the quarter. Securian Asset Management Inc’s holdings in United Rentals were worth $842,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in URI. JPMorgan Chase & Co. raised its position in United Rentals by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 1,872,326 shares of the construction company’s stock worth $306,312,000 after acquiring an additional 112,939 shares during the period. PointState Capital LP acquired a new stake in shares of United Rentals in the third quarter valued at about $169,517,000. American Century Companies Inc. raised its position in shares of United Rentals by 26.2% in the third quarter. American Century Companies Inc. now owns 852,277 shares of the construction company’s stock valued at $139,433,000 after buying an additional 176,951 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of United Rentals by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 737,831 shares of the construction company’s stock valued at $120,727,000 after buying an additional 5,354 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of United Rentals by 16.3% in the third quarter. PNC Financial Services Group Inc. now owns 682,750 shares of the construction company’s stock valued at $111,697,000 after buying an additional 95,677 shares during the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Craig Adam Pintoff sold 7,343 shares of the firm’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $125.66, for a total transaction of $922,721.38. Following the completion of the sale, the executive vice president now directly owns 18,720 shares in the company, valued at $2,352,355.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dale A. Asplund sold 11,245 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $125.00, for a total transaction of $1,405,625.00. Following the sale, the executive vice president now owns 13,010 shares of the company’s stock, valued at $1,626,250. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on the stock. Bank of America set a $175.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Thursday, October 18th. Standpoint Research assumed coverage on shares of United Rentals in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $140.00 target price for the company. Citigroup reduced their target price on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 19th. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Finally, UBS Group set a $180.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. United Rentals currently has a consensus rating of “Buy” and a consensus price target of $157.09.

United Rentals stock opened at $131.41 on Wednesday. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $190.74. The stock has a market cap of $10.46 billion, a P/E ratio of 8.08, a PEG ratio of 0.37 and a beta of 2.51. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.19.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 23rd. The construction company reported $4.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the business earned $3.34 earnings per share. United Rentals’s revenue was up 20.0% compared to the same quarter last year. As a group, equities research analysts predict that United Rentals, Inc. will post 19.31 earnings per share for the current year.

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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 Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as 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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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