Kestra Advisory Services LLC Raises Holdings in United Rentals, Inc. (NYSE:URI)

Kestra Advisory Services LLC increased its holdings in United Rentals, Inc. (NYSE:URIGet Rating) by 6.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,862 shares of the construction company’s stock after purchasing an additional 300 shares during the quarter. Kestra Advisory Services LLC’s holdings in United Rentals were worth $1,313,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in URI. Royal Bank of Canada grew its position in United Rentals by 49.1% in the first quarter. Royal Bank of Canada now owns 672,534 shares of the construction company’s stock worth $238,890,000 after acquiring an additional 221,613 shares during the period. Vanguard Group Inc. boosted its position in shares of United Rentals by 2.3% during the first quarter. Vanguard Group Inc. now owns 8,179,328 shares of the construction company’s stock worth $2,905,379,000 after buying an additional 186,931 shares during the period. Amundi boosted its position in shares of United Rentals by 60.7% during the second quarter. Amundi now owns 388,233 shares of the construction company’s stock worth $96,487,000 after buying an additional 146,657 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of United Rentals by 67.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 361,084 shares of the construction company’s stock worth $87,711,000 after buying an additional 145,843 shares during the period. Finally, Fiera Capital Corp purchased a new position in shares of United Rentals during the second quarter worth $32,188,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Up 2.2 %

United Rentals stock opened at $392.03 on Tuesday. United Rentals, Inc. has a 1-year low of $230.54 and a 1-year high of $394.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a market cap of $27.17 billion, a PE ratio of 14.40, a P/E/G ratio of 0.56 and a beta of 1.81. The stock’s fifty day moving average is $362.09 and its two-hundred day moving average is $319.80.

United Rentals (NYSE:URIGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The construction company reported $9.27 earnings per share for the quarter, beating analysts’ consensus estimates of $9.00 by $0.27. United Rentals had a return on equity of 35.38% and a net margin of 17.51%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.09 billion. On average, sell-side analysts expect that United Rentals, Inc. will post 32.53 EPS for the current fiscal year.

United Rentals announced that its board has approved a share buyback program on Wednesday, October 26th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at United Rentals

In other United Rentals news, Director Jose B. Alvarez purchased 177 shares of the business’s stock in a transaction on Friday, November 18th. The shares were bought at an average cost of $344.65 per share, for a total transaction of $61,003.05. Following the completion of the purchase, the director now directly owns 10,660 shares in the company, valued at $3,673,969. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

URI has been the subject of several research analyst reports. StockNews.com lowered United Rentals from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Citigroup raised their price target on United Rentals to $415.00 in a research report on Wednesday, December 14th. UBS Group raised their price target on United Rentals from $365.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Wells Fargo & Company increased their price objective on United Rentals from $435.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Finally, Robert W. Baird increased their price objective on United Rentals from $318.00 to $365.00 in a research note on Monday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $394.10.

United Rentals Company Profile

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United Rentals, Inc engages in the equipment rental business. The company rents equipment to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of general construction and industrial equipment, earthmoving equipment, material handling equipment, aerial work platforms, and general tools and light equipment.

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

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