Willingdon Wealth Management Acquires 432 Shares of United Rentals, Inc. (URI)

Willingdon Wealth Management boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.4% in the first quarter, HoldingsChannel.com reports. The fund owned 18,699 shares of the construction company’s stock after acquiring an additional 432 shares during the period. Willingdon Wealth Management’s holdings in United Rentals were worth $2,136,000 as of its most recent SEC filing.

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 valued at $62,000 after purchasing an additional 6,251,317 shares in the last quarter. Norges Bank bought a new position in United Rentals during the 4th quarter worth about $76,188,000. Amundi Pioneer Asset Management Inc. grew its holdings in United Rentals by 37.0% during the 4th 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 bought a new position in United Rentals during the 4th quarter worth about $60,853,000. Finally, Scout Investments Inc. grew its holdings in United Rentals by 248.9% during the 1st 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. 83.24% of the stock is owned by institutional investors.

Several research analysts have issued reports on URI shares. Standpoint Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a report on Wednesday, March 27th. Morgan Stanley increased their target price on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Northcoast Research reiterated 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 report on Monday, April 1st. Two 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. The stock presently has an average rating of “Hold” and a consensus price target of $156.91.

United Rentals stock traded down $0.88 during midday trading on Friday, hitting $117.61. 12,386 shares of the company’s stock were exchanged, compared to its average volume of 1,170,165. United Rentals, Inc. has a 12 month low of $94.28 and a 12 month high of $173.00. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.36 and a beta of 2.56. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71.

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, beating 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 business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the business earned $2.87 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post 19.67 earnings per share for the current year.

In related news, Director Michael Kneeland sold 84,431 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $131.23, for a total value of $11,079,880.13. Following the completion of the transaction, the director now directly owns 276,295 shares of the company’s stock, valued at approximately $36,258,192.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul I. Mcdonnell sold 10,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the completion of the transaction, the executive vice president now directly owns 22,285 shares of the company’s stock, valued at $2,798,773.15. The disclosure for this sale can be found here. Insiders sold a total of 249,020 shares of company stock worth $31,757,626 over the last 90 days. Company insiders own 1.00% of the company’s stock.

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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 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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