Candriam Luxembourg S.C.A. boosted its position in United Rentals Inc. (NYSE:URI) by 28.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,704 shares of the company’s stock after buying an additional 1,705 shares during the period. Candriam Luxembourg S.C.A.’s holdings in United Rentals were worth $517,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Invictus RG increased its stake in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of United Rentals during the second quarter worth about $181,000. Euclid Advisors LLC purchased a new stake in shares of United Rentals during the first quarter worth about $221,000. National Planning Corp purchased a new stake in shares of United Rentals during the first quarter worth about $227,000. Finally, Acadian Asset Management LLC increased its stake in shares of United Rentals by 151.7% in the first quarter. Acadian Asset Management LLC now owns 4,077 shares of the company’s stock worth $254,000 after buying an additional 2,457 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.
United Rentals Inc. (NYSE:URI) traded down 2.19% during trading on Tuesday, hitting $79.50. 1,341,809 shares of the company traded hands. The company’s 50 day moving average is $79.44 and its 200-day moving average is $71.14. United Rentals Inc. has a 52 week low of $41.90 and a 52 week high of $84.63. The stock has a market capitalization of $6.85 billion, a PE ratio of 11.99 and a beta of 2.61.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.24. The company earned $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 earnings per share. Analysts predict that United Rentals Inc. will post $8.08 earnings per share for the current year.
A number of research analysts have recently weighed in on URI shares. Macquarie started coverage on shares of United Rentals in a research report on Thursday, August 25th. They set an “underperform” rating and a $92.00 target price for the company. Bank of America Corp. raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research report on Thursday, August 18th. OTR Global raised shares of United Rentals from a “mixed” rating to a “positive” rating in a research report on Friday, September 23rd. Argus started coverage on shares of United Rentals in a research report on Tuesday, October 4th. They set a “buy” rating and a $90.00 target price for the company. Finally, Citigroup Inc. reissued a “buy” rating and set a $85.00 target price (up from $72.00) on shares of United Rentals in a research report on Monday, June 13th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Rentals has an average rating of “Hold” and a consensus target price of $75.06.
In other United Rentals news, insider Michael Kneeland sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $76.35, for a total value of $1,527,000.00. Following the completion of the transaction, the insider now directly owns 387,169 shares in the company, valued at $29,560,353.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Matthew John Flannery sold 15,046 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $78.12, for a total transaction of $1,175,393.52. Following the completion of the transaction, the chief operating officer now owns 23,663 shares of the company’s stock, valued at $1,848,553.56. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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