Neuberger Berman Group LLC Cuts Position in United Rentals, Inc. (NYSE:URI)

Neuberger Berman Group LLC decreased its holdings in United Rentals, Inc. (NYSE:URIGet Rating) by 16.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 435,894 shares of the construction company’s stock after selling 88,573 shares during the period. Neuberger Berman Group LLC owned approximately 0.61% of United Rentals worth $154,929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC grew its position in United Rentals by 737.8% in the fourth quarter. Acadian Asset Management LLC now owns 1,575 shares of the construction company’s stock valued at $522,000 after acquiring an additional 1,387 shares in the last quarter. Pictet Asset Management SA grew its position in United Rentals by 6.0% in the fourth quarter. Pictet Asset Management SA now owns 37,817 shares of the construction company’s stock valued at $12,566,000 after acquiring an additional 2,124 shares in the last quarter. Csenge Advisory Group grew its position in United Rentals by 3.5% in the fourth quarter. Csenge Advisory Group now owns 916 shares of the construction company’s stock valued at $294,000 after acquiring an additional 31 shares in the last quarter. Allianz Asset Management GmbH grew its position in United Rentals by 12.6% in the fourth quarter. Allianz Asset Management GmbH now owns 206,949 shares of the construction company’s stock valued at $68,767,000 after acquiring an additional 23,129 shares in the last quarter. Finally, MAI Capital Management acquired a new stake in United Rentals in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 308 shares of the firm’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 sale, the vice president now directly owns 2,070 shares in the company, valued at $689,806.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other United Rentals news, VP Andrew B. Limoges sold 308 shares of the firm’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 sale, the vice president now directly owns 2,070 shares in the company, valued at $689,806.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jessica Graziano sold 977 shares of United Rentals stock in a transaction dated 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 owns 21,587 shares in the company, valued at $7,015,775. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,361 shares of company stock worth $6,142,963. 0.53% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $288.71 on Friday. The business’s fifty day moving average price is $298.05 and its 200 day moving average price is $300.99. United Rentals, Inc. has a 12-month low of $230.54 and a 12-month high of $414.99. The stock has a market capitalization of $20.21 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.92. 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 posted its earnings results on Wednesday, July 27th. The construction company reported $7.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $1.29. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $4.66 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 31.73 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com downgraded shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Citigroup raised their price target on shares of United Rentals to $375.00 in a research report on Tuesday, August 9th. Robert W. Baird raised their price target on shares of United Rentals from $247.00 to $312.00 in a research report on Thursday, July 28th. OTR Global downgraded shares of United Rentals to a “positive” rating in a research report on Wednesday, June 22nd. Finally, Morgan Stanley decreased their price target on shares of United Rentals from $368.00 to $292.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $360.82.

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.

See Also

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

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