Roosevelt Investment Group Inc. decreased its stake in United Rentals, Inc. (NYSE:URI) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,778 shares of the construction company’s stock after selling 8,909 shares during the period. Roosevelt Investment Group Inc. owned 0.11% of United Rentals worth $10,457,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in URI. State of Alaska Department of Revenue bought a new stake in shares of United Rentals in the 1st quarter worth approximately $127,000. Janney Montgomery Scott LLC increased its position in United Rentals by 48.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,571 shares of the construction company’s stock valued at $572,000 after acquiring an additional 1,489 shares during the period. Eqis Capital Management Inc. acquired a new stake in United Rentals in the 1st quarter valued at approximately $201,000. Comerica Bank increased its position in United Rentals by 3.6% in the 1st quarter. Comerica Bank now owns 26,963 shares of the construction company’s stock valued at $2,953,000 after acquiring an additional 932 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in United Rentals by 11.0% in the 1st quarter. Pictet Asset Management Ltd. now owns 48,489 shares of the construction company’s stock valued at $6,064,000 after acquiring an additional 4,800 shares during the period. 93.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of United Rentals, Inc. (NYSE URI) traded up 1.724% during trading on Tuesday, hitting $127.185. The company had a trading volume of 642,822 shares. The stock has a market cap of $10.75 billion, a PE ratio of 18.475 and a beta of 2.42. The firm has a 50 day moving average of $115.80 and a 200 day moving average of $115.60. United Rentals, Inc. has a 12-month low of $70.58 and a 12-month high of $134.28.
United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business’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 company posted $2.06 EPS. On average, analysts forecast that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
Several analysts recently commented on URI shares. BidaskClub upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and issued a $150.00 target price on shares of United Rentals in a research report on Friday, June 9th. ValuEngine cut United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. Bank of America Corporation restated a “buy” rating and issued a $145.00 target price (up from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. Finally, Citigroup Inc. raised their target price on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $126.97.
In other United Rentals 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 transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
United Rentals Company 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.
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