Wesbanco Bank Inc. boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,616 shares of the construction company’s stock after buying an additional 2,621 shares during the period. Wesbanco Bank Inc.’s holdings in United Rentals were worth $1,293,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of United Rentals by 6.4% during the 3rd 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 position in United Rentals during the third quarter valued at approximately $169,517,000. American Century Companies Inc. lifted its position in United Rentals by 26.2% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in United Rentals by 0.7% during 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 in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in United Rentals by 16.3% during 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 in the last quarter. 96.88% of the stock is owned by institutional investors.

A number of research analysts have weighed in on URI shares. Bank of America set a $175.00 price target on shares of United Rentals and gave the company a “buy” rating in a research report on Thursday, October 18th. UBS Group set a $180.00 price target on shares of United Rentals and gave the company a “buy” rating in a research report on Thursday, October 18th. Macquarie set a $99.00 price target on shares of United Rentals and gave the company a “sell” rating in a research report on Thursday, October 18th. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 18th. Finally, Citigroup reduced their target price on shares of United Rentals from $200.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $157.09.

Shares of NYSE URI traded up $1.81 during trading on Monday, reaching $128.10. 17,606 shares of the stock were exchanged, compared to its average volume of 1,723,982. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $190.74. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 3.19. The stock has a market cap of $10.05 billion, a P/E ratio of 7.87, a PEG ratio of 0.37 and a beta of 2.51.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, January 23rd. The construction company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.77 by $0.08. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company posted $3.34 earnings per share. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, research analysts expect that United Rentals, Inc. will post 19.31 EPS for the current fiscal year.

In related news, EVP Dale A. Asplund sold 11,245 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $125.00, for a total value of $1,405,625.00. Following the sale, the executive vice president now directly owns 13,010 shares of the company’s stock, valued at $1,626,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 7,343 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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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 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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Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

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

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