Candriam Luxembourg S.C.A. grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.9% in the 1st quarter, HoldingsChannel reports. The fund owned 7,021 shares of the construction company’s stock after purchasing an additional 453 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in United Rentals were worth $802,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Prospera Financial Services Inc acquired a new position in United Rentals during the 1st quarter worth $447,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of United Rentals by 22.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 33,555 shares of the construction company’s stock valued at $3,835,000 after buying an additional 6,124 shares during the period. Park Avenue Securities LLC acquired a new position in shares of United Rentals in the 1st quarter valued at about $256,000. Alps Advisors Inc. boosted its holdings in shares of United Rentals by 108.9% in the 1st quarter. Alps Advisors Inc. now owns 5,734 shares of the construction company’s stock valued at $655,000 after buying an additional 2,989 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of United Rentals by 6.9% in the 1st quarter. Eagle Asset Management Inc. now owns 412,060 shares of the construction company’s stock valued at $47,077,000 after buying an additional 26,567 shares during the period. 88.61% of the stock is owned by institutional investors.

In other United Rentals news, CEO Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $132.73, for a total transaction of $3,981,900.00. Following the completion of the transaction, the chief executive officer now directly owns 202,237 shares of the company’s stock, valued at approximately $26,842,917.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul I. Mcdonnell sold 10,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $125.59, for a total transaction of $1,318,695.00. Following the transaction, the executive vice president now directly owns 22,285 shares of the company’s stock, valued at $2,798,773.15. The disclosure for this sale can be found here. Insiders have sold a total of 130,190 shares of company stock valued at $17,028,371 over the last three months. 1.00% of the stock is currently owned by company insiders.

Several research analysts have recently commented on URI shares. Standpoint Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a report on Wednesday, March 27th. Morgan Stanley lifted their price target on shares of United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Northcoast Research reaffirmed a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Finally, OTR Global lowered shares of United Rentals to a “positive” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.91.

United Rentals stock opened at $128.67 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 3.31. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.36 and a beta of 2.56. United Rentals, Inc. has a 52-week low of $94.28 and a 52-week high of $175.42.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.05 billion. United Rentals had a net margin of 12.91% and a return on equity of 41.52%. United Rentals’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 EPS. Equities analysts forecast that United Rentals, Inc. will post 19.67 EPS for the current fiscal year.

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

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