United Rentals, Inc. (NYSE:URI) Stake Lifted by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. increased its stake in United Rentals, Inc. (NYSE:URI) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,355 shares of the construction company’s stock after acquiring an additional 498 shares during the period. Institute for Wealth Management LLC.’s holdings in United Rentals were worth $1,506,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of URI. Carillon Tower Advisers Inc. boosted its holdings in shares of United Rentals by 70.3% in the first quarter. Carillon Tower Advisers Inc. now owns 720,760 shares of the construction company’s stock valued at $85,742,000 after acquiring an additional 297,615 shares in the last quarter. Bank of Montreal Can boosted its holdings in United Rentals by 66.2% during the first quarter. Bank of Montreal Can now owns 598,898 shares of the construction company’s stock worth $68,423,000 after buying an additional 238,641 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in United Rentals by 329.0% during the first quarter. BNP Paribas Arbitrage SA now owns 281,445 shares of the construction company’s stock worth $32,155,000 after buying an additional 215,833 shares in the last quarter. First Trust Advisors LP boosted its holdings in United Rentals by 855.2% during the second quarter. First Trust Advisors LP now owns 154,117 shares of the construction company’s stock worth $20,441,000 after buying an additional 137,983 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in United Rentals by 158.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 177,257 shares of the construction company’s stock worth $23,431,000 after buying an additional 108,600 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

In other news, Director Jose B. Alvarez acquired 238 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was purchased at an average price of $125.98 per share, with a total value of $29,983.24. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Kneeland sold 32,007 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.68, for a total transaction of $3,958,625.76. Following the completion of the transaction, the director now directly owns 223,871 shares of the company’s stock, valued at approximately $27,688,365.28. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

United Rentals stock traded up $3.42 during midday trading on Friday, reaching $107.99. The stock had a trading volume of 1,530,600 shares, compared to its average volume of 1,605,556. The firm’s fifty day simple moving average is $124.65 and its two-hundred day simple moving average is $126.06. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $173.00. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.31 and a beta of 2.65.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.26. United Rentals had a net margin of 12.32% and a return on equity of 41.97%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $3.85 EPS. The company’s revenue was up 21.1% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 19.3 EPS for the current fiscal year.

A number of analysts recently weighed in on URI shares. Morgan Stanley raised their target price on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Deutsche Bank set a $128.00 target price on shares of United Rentals and gave the stock a “hold” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Friday, June 21st. Macquarie set a $99.00 target price on shares of United Rentals and gave the stock a “sell” rating in a report on Friday, July 19th. Finally, UBS Group set a $170.00 target price on shares of United Rentals and gave the stock a “buy” rating in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $150.82.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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

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