Meeder Asset Management Inc. Has $1.05 Million Position in United Rentals, Inc. (URI)

Meeder Asset Management Inc. increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 36.3% during the first quarter, Holdings Channel reports. The firm owned 8,425 shares of the construction company’s stock after buying an additional 2,244 shares during the period. Meeder Asset Management Inc.’s holdings in United Rentals were worth $1,054,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Cleararc Capital Inc. increased its stake in shares of United Rentals by 0.6% in the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after buying an additional 12 shares during the last quarter. HCR Wealth Advisors increased its stake in shares of United Rentals by 2.4% in the first quarter. HCR Wealth Advisors now owns 2,260 shares of the construction company’s stock valued at $283,000 after buying an additional 54 shares during the last quarter. Whittier Trust Co. increased its stake 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 during the last quarter. Bremer Trust National Association increased its stake in shares of United Rentals by 0.5% in the first quarter. Bremer Trust National Association now owns 17,465 shares of the construction company’s stock valued at $2,184,000 after buying an additional 83 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of United Rentals by 0.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 30,720 shares of the construction company’s stock valued at $3,243,000 after buying an additional 84 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

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

Shares of United Rentals, Inc. (NYSE:URI) traded down 3.00% on Tuesday, hitting $103.74. The company’s stock had a trading volume of 1,202,493 shares. The stock’s 50-day moving average price is $109.26 and its 200-day moving average price is $115.86. United Rentals, Inc. has a 52 week low of $61.78 and a 52 week high of $134.28. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 15.38 and a beta of 2.35.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 19th. The construction company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.12. United Rentals had a return on equity of 47.90% and a net margin of 10.04%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $1.40 EPS. United Rentals’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post $9.66 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating on shares of United Rentals in a research note on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and issued a $150.00 price objective on shares of United Rentals in a research note on Friday, June 9th. Vetr upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective on the stock in a research note on Monday, April 24th. Axiom Securities restated a “sell” rating on shares of United Rentals in a research note on Thursday, March 16th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $120.00 price objective (down previously from $131.00) on shares of United Rentals in a research note on Sunday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $120.16.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “URI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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