James Investment Research Inc. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,872 shares of the construction company’s stock after selling 51,464 shares during the period. United Rentals comprises approximately 2.2% of James Investment Research Inc.’s holdings, making the stock its 4th biggest position. James Investment Research Inc.’s holdings in United Rentals were worth $64,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in URI. Prudential Financial Inc. lifted its position in shares of United Rentals by 3.1% in the 3rd quarter. Prudential Financial Inc. now owns 440,136 shares of the construction company’s stock worth $61,065,000 after buying an additional 13,254 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of United Rentals in the 3rd quarter worth about $274,000. Fulton Bank N.A. lifted its position in shares of United Rentals by 8.2% in the 4th quarter. Fulton Bank N.A. now owns 12,240 shares of the construction company’s stock worth $2,105,000 after buying an additional 932 shares during the last quarter. 361 Capital LLC lifted its position in shares of United Rentals by 22.8% in the 2nd quarter. 361 Capital LLC now owns 90,048 shares of the construction company’s stock worth $10,149,000 after buying an additional 16,737 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in shares of United Rentals in the 3rd quarter worth about $13,807,000. 91.12% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on URI shares. Zacks Investment Research downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Deutsche Bank restated a “hold” rating and issued a $157.00 price target (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Citigroup raised their price target on shares of United Rentals from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Jefferies Group raised their price target on shares of United Rentals from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Stifel Nicolaus lifted their price objective on shares of United Rentals from $133.00 to $158.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. United Rentals currently has a consensus rating of “Buy” and an average target price of $162.89.

United Rentals, Inc. (NYSE:URI) traded down $2.08 during trading on Tuesday, reaching $185.04. 766,254 shares of the company’s stock traded hands, compared to its average volume of 1,020,000. The firm has a market cap of $15,650.00, a PE ratio of 26.25, a price-to-earnings-growth ratio of 0.74 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. United Rentals, Inc. has a 52-week low of $100.62 and a 52-week high of $188.73.

United Rentals declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 18th that allows the company to repurchase $373.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other United Rentals news, Director Singleton B. Mcallister sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $163.67, for a total transaction of $360,074.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donald C. Roof sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $143.95, for a total transaction of $647,775.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,452 shares of company stock worth $9,057,673. 1.20% of the stock is owned by corporate insiders.

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United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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

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