National Pension Service raised its position in shares of United Rentals, Inc. (NYSE:URI) by 9.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,131 shares of the construction company’s stock after buying an additional 8,355 shares during the period. National Pension Service owned approximately 0.11% of United Rentals worth $10,326,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. increased its position in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of United Rentals during the first quarter worth about $127,000. Contravisory Investment Management Inc. increased its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares during the period. Dubuque Bank & Trust Co. increased its position in shares of United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock worth $195,000 after buying an additional 1,004 shares during the period. Finally, Pennsylvania Trust Co acquired a new position in shares of United Rentals during the first quarter worth about $200,000. 95.05% of the stock is owned by hedge funds and other institutional investors.
United Rentals, Inc. (NYSE URI) opened at 118.37 on Monday. The stock has a market cap of $10.01 billion, a PE ratio of 17.19 and a beta of 2.43. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $134.28. The firm has a 50-day moving average price of $112.76 and a 200 day moving average price of $117.20.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. United Rentals’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post $9.91 earnings per share for the current year.
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A number of equities analysts recently issued reports on URI shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Thursday, April 20th. Vetr raised United Rentals from a “hold” rating to a “buy” rating and set a $125.52 price objective for the company in a report on Friday, April 14th. Bank of America Corporation raised United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. BidaskClub raised United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, ValuEngine downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. United Rentals presently has an average rating of “Buy” and a consensus target price of $124.50.
In other news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on 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 transaction, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.
United Rentals Company 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.
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