Strs Ohio Sells 775 Shares of United Rentals, Inc. (URI)

Strs Ohio lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,357 shares of the company’s stock after selling 775 shares during the period. Strs Ohio owned approximately 0.15% of United Rentals worth $10,310,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in URI. Acrospire Investment Management LLC raised its stake in United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock valued at $103,000 after buying an additional 730 shares in the last quarter. WFG Advisors LP raised its stake in United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock valued at $116,000 after buying an additional 77 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in United Rentals by 62.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock valued at $129,000 after buying an additional 738 shares in the last quarter. Finally, Tredje AP fonden raised its stake in United Rentals by 129.7% in the second quarter. Tredje AP fonden now owns 2,090 shares of the company’s stock valued at $140,000 after buying an additional 1,180 shares in the last quarter. 92.18% of the stock is owned by institutional investors and hedge funds.

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

United Rentals, Inc. (NYSE:URI) traded up 0.48% on Wednesday, reaching $109.42. 266,477 shares of the company’s stock traded hands. The stock’s 50 day moving average is $105.43 and its 200 day moving average is $84.30. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 16.88 and a beta of 2.58. United Rentals, Inc. has a 52-week low of $41.90 and a 52-week high of $111.81.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 19th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.14. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $841 million. United Rentals had a net margin of 10.10% and a return on equity of 48.98%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.57 EPS. On average, equities research analysts predict that United Rentals, Inc. will post $8.29 EPS for the current fiscal year.

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Several analysts recently commented on the stock. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research note on Tuesday, December 27th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Vertical Research raised shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. Jefferies Group increased their target price on shares of United Rentals from $92.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, November 29th. Finally, Goldman Sachs Group, Inc. (The) raised shares of United Rentals from a “sell” rating to a “neutral” rating and set a $90.00 target price for the company in a research note on Monday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. United Rentals has an average rating of “Hold” and an average target price of $82.91.

In other news, Director Lawrence Keith Wimbush sold 800 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $76.35, for a total value of $61,080.00. Following the transaction, the director now owns 5,820 shares of the company’s stock, valued at approximately $444,357. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Mcauley sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $86.63, for a total transaction of $693,040.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

About United Rentals

United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.

5 Day Chart for NYSE:URI

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