SG Americas Securities LLC Has $1.01 Million Position in United Rentals, Inc. (URI)

SG Americas Securities LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 49.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,856 shares of the construction company’s stock after selling 8,780 shares during the quarter. SG Americas Securities LLC’s holdings in United Rentals were worth $1,012,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of URI. Oregon Public Employees Retirement Fund raised its stake in United Rentals by 8,780.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock worth $62,000 after acquiring an additional 6,251,317 shares in the last quarter. Norges Bank acquired a new position in United Rentals during the fourth quarter worth about $76,188,000. Amundi Pioneer Asset Management Inc. raised its stake in United Rentals by 37.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,375,290 shares of the construction company’s stock worth $243,539,000 after acquiring an additional 641,130 shares in the last quarter. Anchor Bolt Capital LP acquired a new position in United Rentals during the fourth quarter worth about $60,853,000. Finally, Scout Investments Inc. raised its stake in United Rentals by 248.9% during the first quarter. Scout Investments Inc. now owns 613,455 shares of the construction company’s stock worth $70,087,000 after acquiring an additional 437,638 shares in the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Paul I. Mcdonnell sold 10,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the sale, the executive vice president now directly owns 22,285 shares in the company, valued at $2,798,773.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jessica Graziano sold 547 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $123.36, for a total value of $67,477.92. Following the sale, the chief financial officer now owns 11,247 shares in the company, valued at $1,387,429.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,190 shares of company stock worth $17,028,371. Company insiders own 1.00% of the company’s stock.

Several research analysts have commented on URI shares. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, April 17th. Standpoint Research downgraded United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Northcoast Research reissued a “neutral” rating on shares of United Rentals in a research note on Monday, April 22nd. Morgan Stanley boosted their target price on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, OTR Global downgraded United Rentals to a “positive” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. United Rentals presently has a consensus rating of “Hold” and an average price target of $156.91.

NYSE:URI opened at $128.67 on Thursday. The stock has a market cap of $9.92 billion, a PE ratio of 7.91, a PEG ratio of 0.36 and a beta of 2.56. The company has a current ratio of 0.77, a quick ratio of 0.71 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 $175.42.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.10 by $0.21. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.87 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 19.67 earnings per share for the current year.

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

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