Epoch Investment Partners Inc. Sells 31,688 Shares of United Rentals, Inc. (NYSE:URI)

Epoch Investment Partners Inc. reduced its stake in United Rentals, Inc. (NYSE:URIGet Rating) by 30.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,018 shares of the construction company’s stock after selling 31,688 shares during the quarter. Epoch Investment Partners Inc. owned 0.10% of United Rentals worth $24,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its position in United Rentals by 42.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 90 shares of the construction company’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in United Rentals by 430.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 122 shares of the construction company’s stock valued at $41,000 after buying an additional 99 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in United Rentals in the 4th quarter valued at $43,000. Wolff Wiese Magana LLC increased its stake in United Rentals by 2,062.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 173 shares of the construction company’s stock valued at $58,000 after buying an additional 165 shares during the last quarter. Finally, Tobam acquired a new stake in United Rentals in the 3rd quarter valued at $61,000. 89.70% of the stock is currently owned by institutional investors and hedge funds.

NYSE URI opened at $269.92 on Friday. The firm has a 50-day moving average price of $324.57 and a two-hundred day moving average price of $332.63. United Rentals, Inc. has a 12-month low of $262.76 and a 12-month high of $414.99. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $19.33 billion, a P/E ratio of 12.67, a P/E/G ratio of 0.53 and a beta of 1.80.

United Rentals (NYSE:URIGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The construction company reported $5.73 earnings per share for the quarter, topping analysts’ consensus estimates of $5.28 by $0.45. United Rentals had a net margin of 15.22% and a return on equity of 31.29%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm posted $3.45 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post 29.64 EPS for the current year.

United Rentals declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

In related news, EVP Craig Adam Pintoff sold 1,652 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $323.41, for a total transaction of $534,273.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shiv Singh acquired 173 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average price of $288.65 per share, with a total value of $49,936.45. Following the completion of the transaction, the director now owns 6,993 shares in the company, valued at $2,018,529.45. The disclosure for this purchase can be found here. 0.53% of the stock is owned by corporate insiders.

Several brokerages have issued reports on URI. Robert W. Baird lifted their price target on shares of United Rentals from $317.00 to $324.00 in a research note on Thursday, January 27th. UBS Group lowered their price objective on shares of United Rentals to $400.00 and set a “na” rating on the stock in a research note on Tuesday. Zacks Investment Research lowered shares of United Rentals from a “hold” rating to a “sell” rating and set a $383.00 price objective on the stock. in a research note on Wednesday, March 30th. Jefferies Financial Group initiated coverage on shares of United Rentals in a research note on Friday, January 21st. They set a “hold” rating and a $350.00 price objective on the stock. Finally, Wells Fargo & Company initiated coverage on shares of United Rentals in a research note on Friday, March 11th. They set an “overweight” rating and a $425.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $384.42.

United Rentals Company Profile (Get Rating)

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.

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

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