Janus Henderson Group PLC Has $62.27 Million Stake in United Rentals, Inc. (URI)

Janus Henderson Group PLC increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4,154.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 552,510 shares of the construction company’s stock after acquiring an additional 539,522 shares during the period. Janus Henderson Group PLC owned approximately 0.65% of United Rentals worth $62,273,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Manhattan Co. grew its position 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 valued at $111,000 after acquiring an additional 967 shares during the period. Huntington National Bank grew its position 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 valued at $163,000 after acquiring an additional 179 shares during the period. IFP Advisors Inc grew its position 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 valued at $187,000 after acquiring an additional 478 shares during the period. Pacer Advisors Inc. grew its position 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 valued at $202,000 after acquiring an additional 145 shares during the period. Finally, Investment Centers of America Inc. acquired a new stake in shares of United Rentals during the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

United Rentals, Inc. (NYSE:URI) opened at 144.01 on Friday. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 20.92 and a beta of 2.46. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $144.35. The firm has a 50-day moving average of $129.53 and a 200-day moving average of $117.53.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post $10.07 EPS for the current year.

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URI has been the topic of a number of analyst reports. Zacks Investment Research cut United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Citigroup Inc. raised their target price on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC restated a “buy” rating and set a $150.00 target price on shares of United Rentals in a research report on Tuesday, September 5th. Deutsche Bank AG restated a “hold” rating and set a $157.00 target price (up from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Finally, UBS AG restated a “neutral” rating and set a $125.00 target price on shares of United Rentals in a research report on Sunday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. United Rentals currently has an average rating of “Buy” and an average target price of $133.17.

In other news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Kneeland sold 30,000 shares of the 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 $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate 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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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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