Commonwealth Bank of Australia increased its position in shares of United Rentals, Inc. (NYSE:URI) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,712 shares of the construction company’s stock after acquiring an additional 681 shares during the quarter. Commonwealth Bank of Australia’s holdings in United Rentals were worth $1,770,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Manhattan Co. raised its stake in shares of United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after acquiring an additional 967 shares in the last quarter. Huntington National Bank raised its stake in shares of United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after acquiring an additional 179 shares in the last quarter. IFP Advisors Inc raised its stake in shares of United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after acquiring an additional 478 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of United Rentals during the 1st quarter worth approximately $201,000. Finally, Pacer Advisors Inc. raised its stake in shares of United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) opened at 127.69 on Wednesday. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28. The stock has a 50 day moving average of $116.06 and a 200-day moving average of $115.67. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 18.55 and a beta of 2.42.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. Equities analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current fiscal year.
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Several research firms recently commented on URI. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research note on Tuesday, June 6th. BidaskClub lowered shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation reiterated a “buy” rating and set a $145.00 price objective (up previously from $130.00) on shares of United Rentals in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.97.
In other news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were 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 owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.
About United Rentals
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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