Capital One National Association increased its position in shares of United Rentals, Inc. (NYSE:URI) by 12.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,045 shares of the construction company’s stock after buying an additional 336 shares during the period. Capital One National Association’s holdings in United Rentals were worth $343,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of URI. UBS Asset Management Americas Inc. boosted its stake in shares of United Rentals by 18.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 333,010 shares of the construction company’s stock worth $35,160,000 after buying an additional 52,457 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of United Rentals during the fourth quarter worth $645,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of United Rentals during the fourth quarter worth $288,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of United Rentals by 5.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,234 shares of the construction company’s stock worth $9,283,000 after buying an additional 3,650 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of United Rentals by 370.1% in the first quarter. Fulton Bank N.A. now owns 9,092 shares of the construction company’s stock worth $1,137,000 after buying an additional 7,158 shares in the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) traded down 0.07% during midday trading on Friday, hitting $111.54. The company had a trading volume of 982,676 shares. The firm’s 50-day moving average is $114.89 and its 200-day moving average is $117.35. United Rentals, Inc. has a 12-month low of $70.58 and a 12-month high of $134.28. The firm has a market capitalization of $9.43 billion, a P/E ratio of 16.20 and a beta of 2.43.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, topping the Zacks’ consensus estimate 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 was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. On average, analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
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URI has been the topic of a number of recent analyst reports. Vetr upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $125.52 price objective on the stock in a research note on Friday, April 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research report on Thursday, April 20th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $144.00 price target (down from $156.00) on shares of United Rentals in a research report on Saturday, April 22nd. UBS AG reiterated a “neutral” rating and issued a $121.00 price target on shares of United Rentals in a research report on Sunday, April 23rd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $120.00 price target (down previously from $131.00) on shares of United Rentals in a research note on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $124.50.
In related news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company 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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