Profund Advisors LLC Has $254,000 Stake in United Rentals, Inc. (URI)

Profund Advisors LLC grew its position in shares of United Rentals, Inc. (NYSE:URI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,256 shares of the construction company’s stock after purchasing an additional 24 shares during the period. Profund Advisors LLC’s holdings in United Rentals were worth $254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of United Rentals by 3,269.9% during the first quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock worth $729,568,000 after buying an additional 5,661,088 shares in the last quarter. AQR Capital Management LLC grew its position in shares of United Rentals by 362.1% during the first quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock worth $138,793,000 after buying an additional 869,711 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of United Rentals by 320.7% during the second quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock worth $85,670,000 after buying an additional 579,400 shares in the last quarter. Pioneer Investment Management Inc. grew its position in shares of United Rentals by 127.4% during the second quarter. Pioneer Investment Management Inc. now owns 990,759 shares of the construction company’s stock worth $111,669,000 after buying an additional 555,089 shares in the last quarter. Finally, AJO LP grew its position in shares of United Rentals by 538.2% during the second quarter. AJO LP now owns 488,758 shares of the construction company’s stock worth $55,088,000 after buying an additional 412,176 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.

Shares of United Rentals, Inc. (NYSE URI) opened at 142.16 on Thursday. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $144.19. The company has a market capitalization of $12.02 billion, a PE ratio of 20.65 and a beta of 2.46. The firm 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 data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. United Rentals’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.06 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post $9.98 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Citigroup Inc. raised their price target on shares of 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 reissued a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Stifel Nicolaus reissued a “hold” rating on shares of United Rentals in a research report on Friday, July 21st. Bank of America Corporation reissued a “buy” rating and set a $145.00 price target (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. Finally, BidaskClub raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $133.17.

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In other United Rentals news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at $4,880,934.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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

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