United Rentals, Inc. (NYSE:URI) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of United Rentals, Inc. (NYSE:URIGet Rating) by 378.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,076 shares of the construction company’s stock after acquiring an additional 11,926 shares during the period. American Century Companies Inc.’s holdings in United Rentals were worth $5,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Intrua Financial LLC acquired a new stake in shares of United Rentals during the 1st quarter valued at approximately $211,000. HBC Financial Services PLLC acquired a new position in shares of United Rentals during the 1st quarter worth approximately $32,000. Crossmark Global Holdings Inc. raised its position in shares of United Rentals by 10.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,176 shares of the construction company’s stock worth $1,128,000 after purchasing an additional 290 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of United Rentals by 4.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 62,859 shares of the construction company’s stock worth $22,328,000 after purchasing an additional 2,797 shares during the last quarter. Finally, Distillate Capital Partners LLC raised its position in shares of United Rentals by 46.4% during the 1st quarter. Distillate Capital Partners LLC now owns 17,616 shares of the construction company’s stock worth $6,257,000 after purchasing an additional 5,583 shares during the last quarter. 90.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Andrew B. Limoges sold 308 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $333.24, for a total transaction of $102,637.92. Following the completion of the sale, the vice president now directly owns 2,070 shares of the company’s stock, valued at approximately $689,806.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Andrew B. Limoges sold 308 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $333.24, for a total transaction of $102,637.92. Following the completion of the sale, the vice president now directly owns 2,070 shares of the company’s stock, valued at approximately $689,806.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jessica Graziano sold 977 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $325.00, for a total transaction of $317,525.00. Following the sale, the chief financial officer now directly owns 21,587 shares of the company’s stock, valued at $7,015,775. The disclosure for this sale can be found here. Insiders sold 20,361 shares of company stock valued at $6,142,963 in the last ninety days. Company insiders own 0.53% of the company’s stock.

United Rentals Stock Up 0.4 %

Shares of NYSE URI opened at $289.71 on Monday. United Rentals, Inc. has a 52-week low of $230.54 and a 52-week high of $414.99. The firm has a fifty day moving average of $287.79 and a 200-day moving average of $302.18. The stock has a market capitalization of $20.28 billion, a PE ratio of 11.98, a P/E/G ratio of 0.54 and a beta of 1.92. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 1.61.

United Rentals (NYSE:URIGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $1.29. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the company earned $4.66 EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, analysts anticipate that United Rentals, Inc. will post 31.73 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on URI. UBS Group cut their price objective on United Rentals to $400.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. StockNews.com upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Robert W. Baird lifted their price objective on United Rentals from $247.00 to $312.00 in a research report on Thursday, July 28th. Citigroup lifted their price objective on United Rentals to $375.00 in a research report on Tuesday, August 9th. Finally, KeyCorp lifted their price objective on United Rentals from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $360.82.

United Rentals Company Profile

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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

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