SG Americas Securities LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 157.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,119 shares of the construction company’s stock after buying an additional 31,844 shares during the period. SG Americas Securities LLC owned about 0.06% of United Rentals worth $5,874,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in URI. Whittier Trust Co. boosted its position in 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 in the last quarter. First Manhattan Co. boosted its position in United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in United Rentals during the first quarter worth approximately $127,000. Huntington National Bank boosted its position in United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its position in 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 in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.
Shares of United Rentals, Inc. (URI) opened at 111.82 on Friday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 16.24 and a beta of 2.43. United Rentals, Inc. has a 12-month low of $70.58 and a 12-month high of $134.28. The stock has a 50 day moving average of $115.76 and a 200 day moving average of $117.11.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts forecast 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 commented on the stock. UBS AG reaffirmed a “neutral” rating and set a $121.00 price target on shares of United Rentals in a research note on Sunday, April 23rd. Stifel Nicolaus raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Friday. BidaskClub cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Thursday, July 13th. Finally, Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $124.68.
In other news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the transaction, the insider now owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
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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