United Rentals, Inc. (NYSE:URI) Shares Bought by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 6.2% during the 4th quarter, Holdings Channel reports. The firm owned 547 shares of the construction company’s stock after buying an additional 32 shares during the quarter. Alpha Cubed Investments LLC’s holdings in United Rentals were worth $385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. raised its position in shares of United Rentals by 0.5% during the 4th quarter. Atwood & Palmer Inc. now owns 57,637 shares of the construction company’s stock worth $40,602,000 after purchasing an additional 259 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in United Rentals during the 4th quarter worth approximately $298,000. Bernardo Wealth Planning LLC acquired a new position in shares of United Rentals during the fourth quarter valued at approximately $216,000. Clarius Group LLC raised its holdings in shares of United Rentals by 7.4% during the fourth quarter. Clarius Group LLC now owns 492 shares of the construction company’s stock valued at $347,000 after acquiring an additional 34 shares during the last quarter. Finally, Oak Ridge Investments LLC lifted its position in shares of United Rentals by 6.7% in the fourth quarter. Oak Ridge Investments LLC now owns 7,423 shares of the construction company’s stock valued at $5,229,000 after acquiring an additional 466 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Up 2.3 %

URI opened at $789.12 on Wednesday. The business’s 50 day moving average price is $775.13 and its 200 day moving average price is $764.26. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $51.78 billion, a PE ratio of 20.61, a P/E/G ratio of 1.71 and a beta of 1.69. United Rentals, Inc. has a one year low of $574.09 and a one year high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $11.73 EPS. As a group, equities research analysts expect that United Rentals, Inc. will post 43.43 EPS for the current year.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on URI shares. Argus boosted their price target on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Bank of America raised their price target on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup decreased their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $805.08.

United Rentals Profile

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.