Private Advisor Group LLC increased its position in United Rentals, Inc. (NYSE:URI) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,093 shares of the construction company’s stock after acquiring an additional 928 shares during the quarter. Private Advisor Group LLC’s holdings in United Rentals were worth $1,146,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in URI. State of Alaska Department of Revenue purchased a new stake in United Rentals during the 1st quarter valued at approximately $127,000. Janney Montgomery Scott LLC grew its holdings in United Rentals by 48.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,571 shares of the construction company’s stock valued at $572,000 after buying an additional 1,489 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in United Rentals during the 1st quarter valued at approximately $201,000. Comerica Bank grew its holdings in United Rentals by 3.6% during the 1st quarter. Comerica Bank now owns 26,963 shares of the construction company’s stock valued at $2,953,000 after buying an additional 932 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in United Rentals by 11.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 48,489 shares of the construction company’s stock valued at $6,064,000 after buying an additional 4,800 shares in the last quarter. 93.72% of the stock is owned by institutional investors.
In related news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.
United Rentals, Inc. (NYSE:URI) opened at 126.69 on Monday. United Rentals, Inc. has a 12-month low of $70.58 and a 12-month high of $134.28. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 18.40 and a beta of 2.42. The company has a 50 day moving average of $115.90 and a 200-day moving average of $115.82.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that United Rentals, Inc. will post $9.91 earnings per share for the current year.
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A number of equities research analysts have issued reports on URI shares. BidaskClub raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of United Rentals in a report on Friday, June 9th. ValuEngine lowered shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Bank of America Corporation reaffirmed a “buy” rating and set a $145.00 price objective (up from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Finally, Citigroup Inc. increased their price objective on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. United Rentals has an average rating of “Buy” and a consensus target price of $126.97.
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.
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