TLP Group LLC Sells 3,032 Shares of United Rentals, Inc. (URI)

TLP Group LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 41.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,286 shares of the construction company’s stock after selling 3,032 shares during the period. United Rentals comprises about 0.5% of TLP Group LLC’s investment portfolio, making the stock its 12th biggest position. TLP Group LLC’s holdings in United Rentals were worth $483,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cleararc Capital Inc. boosted its position in shares of United Rentals by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after acquiring an additional 12 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in shares of United Rentals by 0.3% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $604,000 after acquiring an additional 15 shares in the last quarter. Profund Advisors LLC boosted its position in shares of United Rentals by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock valued at $254,000 after acquiring an additional 24 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of United Rentals by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock valued at $708,000 after acquiring an additional 25 shares in the last quarter. Finally, HCR Wealth Advisors boosted its position in shares of United Rentals by 2.4% during the 1st quarter. HCR Wealth Advisors now owns 2,260 shares of the construction company’s stock valued at $283,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Shares of United Rentals, Inc. (NYSE:URI) traded up 1.68% during trading on Friday, hitting $132.31. 998,025 shares of the company’s stock were exchanged. The stock has a market cap of $11.19 billion, a PE ratio of 19.22 and a beta of 2.42. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28. The stock’s 50-day moving average price is $117.55 and its 200-day moving average price is $115.67.

United Rentals (NYSE:URI) last posted its quarterly earnings results 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. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company posted $2.06 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities analysts expect that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.

Several analysts have recently weighed in on URI shares. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research report on Tuesday, June 6th. Jefferies Group LLC reiterated a “buy” rating and set a $150.00 target price on shares of United Rentals in a research report on Friday, June 9th. BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research lowered shares of United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $127.85.

In other news, CFO William B. Plummer sold 5,301 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred 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 $36,507,804.84. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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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.

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

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