Traynor Capital Management Inc. grew its position in United Rentals, Inc. (NYSE:URI – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,239 shares of the construction company’s stock after acquiring an additional 479 shares during the quarter. Traynor Capital Management Inc.’s holdings in United Rentals were worth $7,213,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in United Rentals in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in United Rentals during the third quarter worth $31,000. Carmichael Hill & Associates Inc. increased its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. HM Payson & Co. purchased a new position in shares of United Rentals during the 3rd quarter worth $41,000. Finally, Trust Co. of Vermont increased its position in United Rentals by 6,000.0% during the third quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.
Insider Activity
In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at approximately $1,682,702.56. The trade was a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.53% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Report on United Rentals
United Rentals Price Performance
Shares of NYSE URI opened at $783.55 on Thursday. The stock has a 50 day moving average of $773.62 and a two-hundred day moving average of $764.39. The stock has a market cap of $51.42 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.75 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $574.09 and a twelve month high of $896.98. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38.
United Rentals (NYSE:URI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $11.73 EPS. On average, research analysts forecast that United Rentals, Inc. will post 43.43 earnings per share for the current year.
About United Rentals
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.
Recommended Stories
- Five stocks we like better than United Rentals
- What is a Bond Market Holiday? How to Invest and Trade
- 2 ETFs to Maximize Gains With Covered Call Strategies
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 3 Small-Cap Stocks Insiders and Institutions Are Buying
- Insider Buying Explained: What Investors Need to Know
- MaxCyte: Building the Future of Cell and Gene Therapy Innovation
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.