Teza Capital Management LLC increased its holdings in United Rentals, INC (NYSE: URI) during the third quarter by 177.1%, as stated in the most recent 13F filing that the company submitted with the SEC.
The mutual fund currently holds a total of 2,638 shares of the construction company’s stock, having acquired an additional 1,686 shares over time.
Teza Capital Management LLC indicated in its most recent filing with the SEC that its position in United Rentals was $713,000, which indicates that its position has not changed.
Investors were given access to the most recent quarterly results report for United Rentals (NYSE: URI) on January 25th to review it.
The company reported a profit of $9.74 per share for the quarter, which was $0.38 less than the consensus projection, which was $10.12 per share in profits.
The actual revenue for the quarter was $3.30 billion, which was higher than the forecast among analysts, which was $3.29 billion on average. United Rentals achieved a return on equity of 36.12%, and the company’s net margin reached 18.08%.
The company’s quarterly sales experienced an increase of 18.7% when measured against the same quarter from the previous year’s financial year.
In the same period the year before, the company generated earnings per share that totaled $7.39.
According to projections made available by sell-side research analysts, United Rentals, INC is projected to generate revenue of 41.69 cents per share in 2018.
On Friday, the price at which trading on the NYSE URI got underway was $453.69.
There is a debt-to-equity ratio of 1.59, a debt-to-current-assets ratio of 1.11, and a debt-to-quick-assets ratio of 1.02.
These ratios are all present. United Rentals, INC hit an all-time low of $230.54 during the past year, while the company reached an all-time high of $481.99 during the same period.
The share price is currently trading at $427.18, which is higher than the stock’s 200-day moving average price, which is $355.18.
The company’s market value is $31.45 billion; it has a P.E. ratio of 15.24, a price-to-earnings-growth ratio of 0.70, and a beta value of 1.85, all of which indicate that purchasing shares of the company would be profitable.
In addition to that, its beta value is 1.85.
Several hedge funds have, in recent times, made various modifications to the proportion of the company that they own.
During the first quarter of this year, the Healthcare of Ontario Pension Plan Trust Fund increased the amount of United Rentals stock owned by 7,691.1%, bringing its total ownership to 100%. Following an additional purchase of 3,461 shares during the relevant period, the Healthcare of Ontario Pension Plan Trust Fund now possesses 3,506 shares of the construction company’s stock.
These shares have a combined value of $1,245,000 and represent the fund’s most recent acquisition.
During the first three months of the year, Raymond James Trust N.A. was able to amass an additional 14.6% of the total number of shares of United Rentals common stock that it owned. Raymond James Trust N.A. now has 2,296 shares of the construction company’s stock, valued at a combined total of $815,000 after purchasing an additional 293 shares during the period in question.
This brings the total number of shares owned by Raymond James Trust N.A.
A 16.8 percentage point increase in Cibc Global Market INC’s ownership stake in United Rentals was accomplished over the year’s first three months. Cibc Global Market INC now has 7,941 shares of the construction company’s stock, currently valued at $2,821,000, after making an additional purchase of 1,140 shares during the period in question.
During the first three months of 2018, Sei Investments Company achieved a 50.1% increase in the percentage of ownership it held in United Rentals.
During the relevant period, Sei Investments Company completed the purchase of an additional 639 shares, bringing the total number of shares of the construction company’s stock that it had purchased to 1,914, with a market value of $678,000 for those shares.
In the first three months of the year, Prudential PLC made a new holding investment in United Rentals with a total value of $560,000.
This was the last but not the least important investment.
The company’s equity comprises shares, most of which institutional investors own and constitute 89.65% of the total.
In addition, the business recently announced and paid out a quarterly dividend, which took place on the 22nd of this particular month.
The dividend was paid out. On Wednesday, February 8th, $1.48 dividend payments per share were mailed out to stockholders with their information on file. On February 7th, a Tuesday, the dividend was distributed to the company’s shareholders.
Because of this, the dividend yield ends up being 1.30 percent, and the annual dividend payment is 5.92 dollars.
At this point, the dividend payout ratio for United Rentals sits at 4.97%.
URI has been the focus of research conducted and presented in various analyst reports.
In a report released on Monday, January 30th, Morgan Stanley rated the stock as “equal weight” and increased their price target for United Rentals shares from $404.00 to $441.00.
Additionally, the firm raised its price target for the stock from $404.00 to $441.00.
The target price that Robert W.
Baird has set for United Rentals has increased from $375.00 to $425.00 due to a research report published on January 26th.
The rating of United Rentals was upgraded by OTR Global from “mixed” to “positive” in a research note released on December 16th.
In a research report that was made available to the public on Friday, February 24th, United Rentals was upgraded by the investment firm UBS Group from a “hold” rating to a “buy” rating, and the firm also raised its target price on the stock from $460.00 to $512.00.
Last but not least, on February 8th, a research note about United Rentals was released by the Credit Suisse Group.
They gave the company an “outperform” rating and determined that the stock should trade for $544.00 per share.
Two research analysts have recommended selling the stock, three research analysts have stated that investors should maintain their current position, and seven research analysts have stated that investors should purchase the stock.
According to Bloomberg.com, the stock is currently rated “Hold” on average, and analysts have set a price objective with a consensus value of $440.46 as their target price.