Andra AP fonden Sells 12,900 Shares of United Rentals, Inc. (NYSE:URI)

Andra AP fonden lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 32.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 26,700 shares of the construction company’s stock after selling 12,900 shares during the quarter. Andra AP fonden’s holdings in United Rentals were worth $3,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Seelaus Asset Management LLC boosted its holdings in United Rentals by 1.0% in the second quarter. Seelaus Asset Management LLC now owns 8,225 shares of the construction company’s stock worth $1,091,000 after purchasing an additional 80 shares during the last quarter. Coastal Investment Advisors Inc. boosted its holdings in United Rentals by 11.5% in the third quarter. Coastal Investment Advisors Inc. now owns 861 shares of the construction company’s stock worth $104,000 after purchasing an additional 89 shares during the last quarter. Citizens Financial Group Inc RI boosted its holdings in United Rentals by 74.8% in the third quarter. Citizens Financial Group Inc RI now owns 208 shares of the construction company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in United Rentals by 0.3% in the second quarter. AMP Capital Investors Ltd now owns 31,990 shares of the construction company’s stock worth $4,221,000 after purchasing an additional 97 shares during the last quarter. Finally, Graybill Bartz & Assoc Ltd. boosted its holdings in United Rentals by 0.3% in the third quarter. Graybill Bartz & Assoc Ltd. now owns 33,206 shares of the construction company’s stock worth $4,139,000 after purchasing an additional 97 shares during the last quarter. 88.35% of the stock is owned by institutional investors.

URI has been the topic of several research reports. Zacks Investment Research upgraded shares of United Rentals from a “sell” rating to a “hold” rating and set a $119.00 target price on the stock in a report on Friday, October 11th. Goldman Sachs Group raised their target price on shares of United Rentals from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup restated a “buy” rating and issued a $160.00 target price on shares of United Rentals in a report on Wednesday, September 11th. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 19th. Finally, Morgan Stanley dropped their target price on shares of United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $141.90.

In other news, SVP Jeffrey J. Fenton sold 2,735 shares of United Rentals stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $132.53, for a total transaction of $362,469.55. Following the transaction, the senior vice president now owns 33,819 shares in the company, valued at approximately $4,482,032.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason D. Papastavrou sold 3,036 shares of United Rentals stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $150.05, for a total transaction of $455,551.80. Following the transaction, the director now owns 181,973 shares in the company, valued at approximately $27,305,048.65. The disclosure for this sale can be found here. Insiders have sold a total of 28,770 shares of company stock worth $4,292,710 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Shares of URI stock opened at $152.19 on Tuesday. United Rentals, Inc. has a 12-month low of $94.28 and a 12-month high of $157.85. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93. The firm’s 50 day moving average is $143.51 and its 200 day moving average is $126.95. The stock has a market capitalization of $11.67 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.66 and a beta of 2.71.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.74 by $0.22. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.74 EPS. As a group, equities analysts predict that United Rentals, Inc. will post 19.28 earnings per share for the current year.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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

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