AHL Partners LLP reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,905 shares of the construction company’s stock after selling 339 shares during the period. AHL Partners LLP’s holdings in United Rentals were worth $2,695,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in URI. First Manhattan Co. raised its position in 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 purchasing an additional 967 shares during the last quarter. Huntington National Bank raised its position in 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 purchasing an additional 179 shares during the last quarter. IFP Advisors Inc raised its position in 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 purchasing an additional 478 shares during the last quarter. Pacer Advisors Inc. raised its position in 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 purchasing an additional 145 shares during the last quarter. Finally, Investment Centers of America Inc. bought a new position in United Rentals during the 1st quarter worth $203,000. 93.75% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on URI. Citigroup Inc. raised their target price on United Rentals from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating on shares of United Rentals in a research report on Friday, July 21st. Bank of America Corporation reaffirmed a “buy” rating and set a $145.00 target price (up from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. Finally, BidaskClub raised United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $133.17.
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Shares of United Rentals, Inc. (NYSE URI) opened at 142.16 on Thursday. The firm has a market capitalization of $12.02 billion, a P/E ratio of 20.65 and a beta of 2.46. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $144.19. The stock has a 50 day moving average price of $128.52 and a 200 day moving average price of $117.33.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. United Rentals’s revenue was up 12.4% on a year-over-year basis. Analysts forecast that United Rentals, Inc. will post $9.98 EPS for the current year.
In related news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the transaction, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
United Rentals 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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