Parametrica Management Ltd Acquires Shares of 692 United Rentals, Inc. (NYSE:URI)

Parametrica Management Ltd bought a new position in shares of United Rentals, Inc. (NYSE:URIGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 692 shares of the construction company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of United Rentals during the first quarter worth about $25,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of United Rentals during the first quarter worth about $32,000. Quent Capital LLC purchased a new stake in shares of United Rentals during the fourth quarter worth about $35,000. Leelyn Smith LLC purchased a new stake in shares of United Rentals during the fourth quarter worth about $43,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of United Rentals during the fourth quarter worth about $44,000. 89.70% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

Shares of NYSE:URI opened at $337.52 on Tuesday. United Rentals, Inc. has a 12 month low of $230.54 and a 12 month high of $414.99. The stock has a market cap of $23.62 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.62 and a beta of 1.92. The stock’s 50 day moving average price is $275.75 and its 200 day moving average price is $302.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.07 and a quick ratio of 0.97.

United Rentals (NYSE:URIGet Rating) last announced its earnings results on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, topping the consensus estimate of $6.57 by $1.29. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company earned $4.66 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 31.03 earnings per share for the current fiscal year.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 308 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $333.24, for a total value of $102,637.92. Following the transaction, the vice president now owns 2,070 shares of the company’s stock, valued at $689,806.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other United Rentals news, CFO Jessica Graziano sold 977 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the sale, the chief financial officer now directly owns 21,587 shares of the company’s stock, valued at approximately $7,015,775. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Andrew B. Limoges sold 308 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $333.24, for a total transaction of $102,637.92. Following the sale, the vice president now directly owns 2,070 shares in the company, valued at $689,806.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,361 shares of company stock valued at $6,142,963. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley dropped their target price on United Rentals from $368.00 to $292.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their price target on United Rentals from $421.00 to $396.00 in a research note on Friday, April 29th. Robert W. Baird lifted their price target on United Rentals from $247.00 to $312.00 in a research note on Thursday, July 28th. OTR Global downgraded United Rentals to a “positive” rating in a research note on Wednesday, June 22nd. Finally, KeyCorp lifted their target price on United Rentals from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $365.00.

About United Rentals

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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

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