United Rentals, Inc. (URI) Position Trimmed by ARP Americas LP
ARP Americas LP cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 48.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,309 shares of the construction company’s stock after selling 2,200 shares during the quarter. ARP Americas LP’s holdings in United Rentals were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Doyle Wealth Management purchased a new position in shares of United Rentals in the 4th quarter worth about $28,000. Rational Advisors LLC raised its holdings in shares of United Rentals by 9,100.0% in the 4th quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock worth $38,000 after purchasing an additional 364 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in shares of United Rentals in the 3rd quarter worth about $49,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $51,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of United Rentals by 8,780.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,322,512 shares of the construction company’s stock worth $62,000 after purchasing an additional 6,251,317 shares during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.
Shares of NYSE URI opened at $121.71 on Friday. United Rentals, Inc. has a fifty-two week low of $94.28 and a fifty-two week high of $190.30. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 3.19. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.37 and a beta of 2.52.
In other United Rentals news, EVP Craig Adam Pintoff sold 7,343 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was 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 owns 18,720 shares in the company, valued at approximately $2,352,355.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Shiv Singh acquired 390 shares of the stock in a transaction on Monday, January 28th. The shares were acquired at an average price of $124.72 per share, with a total value of $48,640.80. Following the purchase, the director now owns 2,803 shares in the company, valued at $349,590.16. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 64,347 shares of company stock valued at $8,276,837. 1.00% of the stock is owned by insiders.
A number of research firms have recently commented on URI. Standpoint Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Wednesday, January 30th. Barclays began coverage on United Rentals in a research note on Friday, December 14th. They issued an “equal weight” rating and a $130.00 target price for the company. Finally, UBS Group set a $180.00 target price on United Rentals and gave the company a “buy” rating in a research note on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $157.09.
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United Rentals Company 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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