United Rentals, Inc. (URI) Holdings Boosted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,869 shares of the construction company’s stock after acquiring an additional 6,645 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.07% of United Rentals worth $6,297,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Manhattan Co. raised its stake in shares of United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after purchasing an additional 967 shares during the period. Huntington National Bank raised its stake in shares of United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after purchasing an additional 179 shares during the period. IFP Advisors Inc raised its stake in shares of United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after purchasing an additional 478 shares during the period. Pacer Advisors Inc. raised its stake in shares of United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after purchasing an additional 145 shares during the period. Finally, Investment Centers of America Inc. bought a new stake in shares of United Rentals during the 1st quarter worth $203,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

URI has been the topic of a number of recent analyst reports. UBS AG reiterated a “neutral” rating and set a $125.00 target price on shares of United Rentals in a research note on Sunday, August 20th. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a report on Tuesday, September 5th. Deutsche Bank AG lifted their price objective on United Rentals from $121.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $128.00 to $138.00 in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $133.17.

In related news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William B. Plummer sold 5,301 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

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United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during 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%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS.

United Rentals 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.

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

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