Tower Research Capital LLC TRC decreased its position in United Rentals, Inc. (NYSE:URI) by 76.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 473 shares of the construction company’s stock after selling 1,533 shares during the quarter. Tower Research Capital LLC TRC’s holdings in United Rentals were worth $63,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Atria Investments LLC grew its position in shares of United Rentals by 4,277.2% in the 2nd quarter. Atria Investments LLC now owns 266,617 shares of the construction company’s stock worth $2,847,000 after buying an additional 260,526 shares during the period. Bank of Montreal Can grew its holdings in United Rentals by 27.2% in the second quarter. Bank of Montreal Can now owns 761,607 shares of the construction company’s stock worth $101,012,000 after purchasing an additional 162,709 shares during the period. Alphinity Investment Management Pty Ltd purchased a new stake in United Rentals in the second quarter worth about $20,766,000. First Trust Advisors LP increased its stake in shares of United Rentals by 855.2% during the second quarter. First Trust Advisors LP now owns 154,117 shares of the construction company’s stock valued at $20,441,000 after purchasing an additional 137,983 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of United Rentals by 158.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 177,257 shares of the construction company’s stock worth $23,431,000 after purchasing an additional 108,600 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.
Shares of United Rentals stock traded down $5.13 on Tuesday, reaching $119.51. The company’s stock had a trading volume of 75,991 shares, compared to its average volume of 1,358,272. United Rentals, Inc. has a 52 week low of $94.28 and a 52 week high of $167.29. The firm’s fifty day simple moving average is $117.03 and its two-hundred day simple moving average is $123.34. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 0.36 and a beta of 2.66.
In related news, Director Donald C. Roof bought 5,000 shares of the stock in a transaction on Monday, July 22nd. The shares were acquired at an average price of $118.27 per share, for a total transaction of $591,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Filippo Passerini bought 2,000 shares of the stock in a transaction on Monday, August 19th. The shares were bought at an average price of $110.37 per share, for a total transaction of $220,740.00. Following the purchase, the director now directly owns 8,783 shares in the company, valued at approximately $969,379.71. The disclosure for this purchase can be found here. Insiders purchased a total of 7,238 shares of company stock valued at $842,073 over the last quarter. 1.00% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on URI shares. ValuEngine lowered United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Goldman Sachs Group upgraded United Rentals from a “neutral” rating to a “buy” rating and raised their price target for the company from $128.00 to $165.00 in a report on Friday, September 20th. Macquarie set a $99.00 price target on United Rentals and gave the stock a “sell” rating in a research report on Friday, July 19th. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $164.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. United Rentals has an average rating of “Hold” and an average target price of $149.45.
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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