Penn Capital Management Co. Inc. Has $1.49 Million Holdings in United Rentals, Inc. (URI)

Penn Capital Management Co. Inc. raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 181.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,065 shares of the construction company’s stock after purchasing an additional 8,430 shares during the period. Penn Capital Management Co. Inc.’s holdings in United Rentals were worth $1,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in URI. Doyle Wealth Management purchased a new stake in United Rentals in the fourth quarter worth approximately $28,000. CNB Bank purchased a new stake in United Rentals in the first quarter worth approximately $28,000. CSat Investment Advisory L.P. boosted its holdings 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 worth $29,000 after purchasing an additional 172 shares during the last quarter. Ropes Wealth Advisors LLC purchased a new stake in United Rentals in the first quarter worth approximately $32,000. Finally, Rational Advisors LLC boosted its stake in shares of United Rentals by 9,100.0% during the 4th quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock worth $38,000 after acquiring an additional 364 shares during the last quarter. 88.61% of the stock is owned by institutional investors and hedge funds.

In related news, Director Michael Kneeland sold 84,431 shares of the stock in a transaction 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 sale, the director now directly owns 276,295 shares of the company’s stock, valued at $36,258,192.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig Adam Pintoff sold 4,566 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $123.17, for a total transaction of $562,394.22. Following the sale, the executive vice president now directly owns 17,880 shares in the company, valued at $2,202,279.60. The disclosure for this sale can be found here. Insiders sold a total of 138,770 shares of company stock worth $18,049,140 over the last ninety days. Insiders own 1.00% of the company’s stock.

Several brokerages have recently weighed in on URI. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Morgan Stanley lifted their price target 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. Standpoint Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Northcoast Research restated a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Finally, OTR Global cut shares of United Rentals to a “positive” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. United Rentals has a consensus rating of “Hold” and a consensus target price of $156.91.

URI stock opened at $126.73 on Wednesday. The firm has a market capitalization of $9.75 billion, a PE ratio of 7.79, a price-to-earnings-growth 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 12 month low of $94.28 and a 12 month high of $175.42.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 17th. The construction company reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.05 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.87 EPS. On average, research analysts expect that United Rentals, Inc. will post 19.67 EPS for the current fiscal 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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