Atwood & Palmer Inc. acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,960 shares of the construction company’s stock, valued at approximately $6,195,000. Atwood & Palmer Inc. owned approximately 0.07% of United Rentals as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of URI. First Manhattan Co. increased its holdings in shares of United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after acquiring an additional 967 shares in the last quarter. Whittier Trust Co. increased its holdings in United Rentals by 7.2% in the 1st quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the period. State of Alaska Department of Revenue acquired a new position in United Rentals in the 1st quarter worth approximately $127,000. Huntington National Bank increased its holdings in United Rentals by 14.2% in the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares during the period. Finally, IFP Advisors Inc increased its holdings in United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after buying an additional 478 shares during the period. Hedge funds and other institutional investors own 93.72% of the company’s stock.
United Rentals, Inc. (NYSE:URI) opened at 128.82 on Thursday. The stock has a market cap of $10.89 billion, a PE ratio of 18.71 and a beta of 2.42. The stock has a 50 day moving average price of $116.33 and a 200 day moving average price of $115.69. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $134.28.
United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current year.
A number of brokerages have recently commented on URI. Stifel Nicolaus raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, August 18th. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research note on Thursday, July 13th. BidaskClub lowered United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG reiterated a “neutral” rating and set a $125.00 target price on shares of United Rentals in a research report on Sunday, August 20th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $150.00 target price on shares of United Rentals in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $126.97.
In other news, insider Michael Kneeland sold 30,000 shares of the business’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 value of $3,623,100.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.
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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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