Gateway Investment Advisers LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,197 shares of the construction company’s stock after buying an additional 9 shares during the period. Gateway Investment Advisers LLC’s holdings in United Rentals were worth $586,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. increased its position in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of United Rentals during the first quarter valued at approximately $127,000. Contravisory Investment Management Inc. increased its position in shares of United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock valued at $162,000 after buying an additional 423 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake 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 valued at $195,000 after buying an additional 1,004 shares during the last quarter. Finally, Pennsylvania Trust Co purchased a new stake in United Rentals during the first quarter valued at $200,000. Hedge funds and other institutional investors own 95.05% of the company’s stock.
United Rentals, Inc. (NYSE:URI) opened at 111.54 on Friday. 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 price of $115.11 and a 200 day moving average price of $117.36. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 16.20 and a beta of 2.43.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 EPS. On average, analysts expect that United Rentals, Inc. will post $9.91 EPS for the current year.
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Several analysts recently weighed in on the company. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. UBS AG reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of United Rentals in a report on Sunday, April 23rd. Citigroup Inc. lifted their price objective on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Zacks Investment Research cut United Rentals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $144.00 price objective (down from $156.00) on shares of United Rentals in a report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $124.50.
In related news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction 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 approximately $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate 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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