Alpha Cubed Investments LLC Raises Position in United Rentals, Inc. (NYSE:URI)

Alpha Cubed Investments LLC increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 74.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,735 shares of the construction company’s stock after buying an additional 24,160 shares during the period. Alpha Cubed Investments LLC owned 0.07% of United Rentals worth $6,395,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Airain ltd increased its stake in shares of United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock valued at $5,912,000 after buying an additional 38,438 shares during the last quarter. Bank of The West bought a new stake in shares of United Rentals during the first quarter valued at approximately $502,000. DnB Asset Management AS bought a new stake in shares of United Rentals during the first quarter valued at approximately $1,376,000. Bremer Trust National Association increased its stake in United Rentals by 0.5% in the first quarter. Bremer Trust National Association now owns 17,465 shares of the construction company’s stock valued at $2,184,000 after buying an additional 83 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in United Rentals by 2.5% in the first quarter. Capstone Asset Management Co. now owns 10,654 shares of the construction company’s stock valued at $1,332,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Shares of United Rentals, Inc. (URI) traded up 0.04% during mid-day trading on Friday, reaching $111.86. The company had a trading volume of 1,411,868 shares. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $134.28. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 16.25 and a beta of 2.43. The firm’s 50-day moving average is $115.82 and its 200 day moving average is $116.99.

United Rentals (NYSE:URI) last announced its quarterly earnings results 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 firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm earned $2.06 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current year.

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Several equities research analysts have issued reports on the company. ValuEngine upgraded United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. UBS AG restated a “neutral” rating and set a $121.00 price objective on shares of United Rentals in a report on Sunday, April 23rd. Citigroup Inc. boosted their price target on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Stifel Nicolaus upgraded United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Friday. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of United Rentals in a report on Friday. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. United Rentals presently has a consensus 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 on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the sale, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.

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

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