Amundi Pioneer Asset Management Inc. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 43.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,332,806 shares of the construction company’s stock after selling 1,042,484 shares during the period. Amundi Pioneer Asset Management Inc. owned 1.70% of United Rentals worth $152,272,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of United Rentals by 2.6% during the fourth quarter. BlackRock Inc. now owns 5,930,671 shares of the construction company’s stock valued at $608,071,000 after buying an additional 148,206 shares during the last quarter. FMR LLC raised its position in shares of United Rentals by 2.9% during the fourth quarter. FMR LLC now owns 1,557,250 shares of the construction company’s stock valued at $159,665,000 after buying an additional 44,492 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United Rentals by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 1,063,797 shares of the construction company’s stock valued at $108,880,000 after buying an additional 63,099 shares during the last quarter. Northern Trust Corp raised its position in shares of United Rentals by 1.6% during the fourth quarter. Northern Trust Corp now owns 938,889 shares of the construction company’s stock valued at $96,264,000 after buying an additional 15,034 shares during the last quarter. Finally, Norges Bank acquired a new position in United Rentals in the fourth quarter worth about $76,188,000. Institutional investors and hedge funds own 86.75% of the company’s stock.
In related news, Director Michael Kneeland sold 84,431 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $131.23, for a total value of $11,079,880.13. Following the completion of the transaction, the director now owns 276,295 shares of the company’s stock, valued at $36,258,192.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 233,261 shares of company stock valued at $29,791,035. 1.00% of the stock is owned by insiders.
URI traded down $10.38 during mid-day trading on Thursday, hitting $121.11. The stock had a trading volume of 5,395,510 shares, compared to its average volume of 1,449,153. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $173.00. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71. The business’s fifty day simple moving average is $126.82. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.40 and a beta of 2.63.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.26. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.27 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $3.85 earnings per share. As a group, analysts forecast that United Rentals, Inc. will post 19.6 earnings per share for the current year.
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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