Baader Bank Aktiengesellschaft Invests $385,000 in United Rentals, Inc. $URI

Baader Bank Aktiengesellschaft bought a new position in shares of United Rentals, Inc. (NYSE:URIFree Report) in the first quarter, HoldingsChannel reports. The firm bought 547 shares of the construction company’s stock, valued at approximately $385,000.

Several other institutional investors also recently bought and sold shares of the stock. Woodline Partners LP grew its position in shares of United Rentals by 40.0% during the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Sei Investments Co. lifted its position in shares of United Rentals by 24.7% in the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after buying an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of United Rentals by 43.6% in the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after buying an additional 17,030 shares in the last quarter. HUB Investment Partners LLC boosted its stake in United Rentals by 11.3% during the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after buying an additional 223 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in United Rentals by 338.7% during the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after buying an additional 1,277 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

United Rentals stock opened at $1,034.28 on Thursday. The firm has a 50-day moving average price of $1,045.86 and a 200-day moving average price of $915.44. The firm has a market capitalization of $64.80 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.79. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,143.69.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the firm posted $10.47 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts forecast that United Rentals, Inc. will post 46.85 EPS for the current year.

United Rentals News Roundup

Here are the key news stories impacting United Rentals this week:

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This represents a 18.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,088 shares of company stock worth $25,628,877 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research reports. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a research note on Monday, June 29th. JPMorgan Chase & Co. increased their target price on United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Bank of America raised their target price on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Barclays boosted their price target on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Finally, Citigroup upped their price target on shares of United Rentals from $1,210.00 to $1,270.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,140.00.

View Our Latest Stock Report on URI

About United Rentals

(Free Report)

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

Featured Stories

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

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