Dai Ichi Life Insurance Company Ltd grew its stake in United Rentals, Inc. (NYSE:URI) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,171 shares of the construction company’s stock after purchasing an additional 5,295 shares during the period. Dai Ichi Life Insurance Company Ltd owned about 0.09% of United Rentals worth $9,036,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of URI. First Manhattan Co. boosted its stake in shares of United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after purchasing an additional 967 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of United Rentals in the 1st quarter valued at approximately $127,000. Huntington National Bank boosted its stake in shares of United Rentals by 14.2% in the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after purchasing an additional 179 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of United Rentals in the 1st quarter valued at approximately $201,000. Institutional investors own 93.72% of the company’s stock.
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URI has been the topic of a number of research analyst reports. BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research note on Friday, June 9th. ValuEngine downgraded shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Bank of America Corporation restated a “buy” rating and issued a $145.00 price target (up from $130.00) on shares of United Rentals in a research note on Thursday, July 20th. Finally, Citigroup Inc. raised 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company 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 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 owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
United Rentals, Inc. (NYSE:URI) traded up 2.92% on Friday, reaching $126.69. 2,616,453 shares of the company’s stock traded hands. The firm has a market cap of $10.71 billion, a PE ratio of 18.40 and a beta of 2.42. The firm’s 50-day moving average is $115.90 and its 200 day moving average is $115.82. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $134.28.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Equities analysts predict that United Rentals, Inc. will post $9.91 EPS for the current year.
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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