AHL Partners LLP Has $2.70 Million Position in United Rentals, Inc. (URI)

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.

TRADEMARK VIOLATION WARNING: “AHL Partners LLP Has $2.70 Million Position in United Rentals, Inc. (URI)” was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/10/12/ahl-partners-llp-has-2-70-million-position-in-united-rentals-inc-uri.html.

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.

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply