ClariVest Asset Management LLC Acquires 143,218 Shares of United Rentals, Inc. (URI)

ClariVest Asset Management LLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1,591,311.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,227 shares of the construction company’s stock after purchasing an additional 143,218 shares during the period. ClariVest Asset Management LLC owned 0.17% of United Rentals worth $19,872,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of URI. Creative Planning lifted its stake in shares of United Rentals by 23.1% in the 2nd quarter. Creative Planning now owns 7,655 shares of the construction company’s stock worth $863,000 after acquiring an additional 1,438 shares during the period. Fisher Asset Management LLC lifted its stake in shares of United Rentals by 390.9% in the second quarter. Fisher Asset Management LLC now owns 9,190 shares of the construction company’s stock valued at $1,036,000 after purchasing an additional 7,318 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of United Rentals by 162.4% in the second quarter. State of Alaska Department of Revenue now owns 2,666 shares of the construction company’s stock valued at $300,000 after purchasing an additional 1,650 shares during the period. National Pension Service lifted its stake in shares of United Rentals by 9.7% in the second quarter. National Pension Service now owns 94,131 shares of the construction company’s stock valued at $10,326,000 after purchasing an additional 8,355 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of United Rentals by 513.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,669 shares of the construction company’s stock valued at $1,541,000 after purchasing an additional 11,439 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.

United Rentals, Inc. (NYSE:URI) traded up $4.98 during trading on Friday, reaching $148.36. 1,648,900 shares of the company were exchanged, compared to its average volume of 1,593,778. United Rentals, Inc. has a 52-week low of $90.77 and a 52-week high of $149.45. The stock has a market capitalization of $12,760.00, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.87 and a beta of 2.65. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.27. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. United Rentals’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 earnings per share. analysts anticipate that United Rentals, Inc. will post 10.49 EPS for the current fiscal year.

United Rentals declared that its board has approved a share repurchase program on Wednesday, October 18th that permits the company to buyback $373.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

URI has been the subject of several recent analyst reports. Jefferies Group LLC raised their price objective on shares of United Rentals from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Bank of America Corporation set a $165.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research note on Thursday, October 19th. UBS AG set a $150.00 price objective on shares of United Rentals and gave the company a “hold” rating in a research note on Thursday, October 19th. Citigroup Inc. raised their price objective on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $157.00 price objective (up previously from $130.00) on shares of United Rentals in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $144.97.

In other United Rentals news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the transaction, the insider now directly owns 272,292 shares of the company’s stock, valued at $39,406,098.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the transaction, the chief financial officer now directly owns 38,055 shares in the company, valued at $4,880,934.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,433 shares of company stock worth $9,434,570. 1.20% of the stock is currently owned by corporate insiders.

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United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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

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