Advisory Services Network LLC increased its position in United Rentals, Inc. (NYSE:URI – Get Rating) by 228.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,639 shares of the construction company’s stock after buying an additional 3,923 shares during the period. Advisory Services Network LLC’s holdings in United Rentals were worth $2,003,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in URI. Riverview Trust Co acquired a new stake in shares of United Rentals in the 1st quarter valued at about $25,000. Jackson Grant Investment Advisers Inc. acquired a new position in United Rentals during the 1st quarter valued at about $32,000. HBC Financial Services PLLC acquired a new position in United Rentals during the 1st quarter valued at about $32,000. Psagot Value Holdings Ltd. Israel acquired a new position in United Rentals during the 1st quarter valued at about $32,000. Finally, Quent Capital LLC acquired a new position in United Rentals during the 4th quarter valued at about $35,000. 90.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have issued reports on URI. OTR Global downgraded United Rentals to a “positive” rating in a research note on Wednesday, June 22nd. Robert W. Baird boosted their target price on United Rentals from $247.00 to $312.00 in a research note on Thursday, July 28th. KeyCorp boosted their target price on United Rentals from $375.00 to $425.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Citigroup boosted their target price on United Rentals to $375.00 in a research note on Tuesday, August 9th. Finally, Sanford C. Bernstein downgraded United Rentals from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $307.00 to $269.00 in a research note on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus target price of $360.82.
Insider Buying and Selling at United Rentals
United Rentals Trading Down 0.9 %
NYSE:URI opened at $286.04 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $20.02 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.52 and a beta of 1.92. The firm’s 50 day moving average is $298.79 and its 200 day moving average is $300.62. United Rentals, Inc. has a 12 month low of $230.54 and a 12 month high of $414.99.
United Rentals (NYSE:URI – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $1.29. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. United Rentals’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.66 EPS. Sell-side analysts expect that United Rentals, Inc. will post 31.73 earnings per share for the current year.
United Rentals Company Profile
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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