Whittier Trust Co. Maintains Stake in United Rentals, Inc. (URI)
Whittier Trust Co. maintained its position in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 894 shares of the construction company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in United Rentals were worth $101,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in United Rentals during the first quarter worth about $127,000. Contravisory Investment Management Inc. boosted its stake in United Rentals by 48.5% in the first quarter. Contravisory Investment Management Inc. now owns 1,295 shares of the construction company’s stock worth $162,000 after buying an additional 423 shares during the last quarter. Dubuque Bank & Trust Co. boosted its stake in United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock worth $195,000 after buying an additional 1,004 shares during the last quarter. Pennsylvania Trust Co acquired a new stake in United Rentals during the first quarter worth about $200,000. Finally, Eqis Capital Management Inc. acquired a new stake in United Rentals during the first quarter worth about $201,000. 95.05% of the stock is owned by hedge funds and other institutional investors.
Shares of United Rentals, Inc. (NYSE:URI) traded down 0.23% on Monday, reaching $118.10. The company’s stock had a trading volume of 830,487 shares. The stock has a 50 day moving average of $112.76 and a 200-day moving average of $117.20. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $134.28. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 17.16 and a beta of 2.43.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS. On average, analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current year.
A number of research firms have recently issued reports on URI. BidaskClub cut United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Wednesday, August 2nd. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a research note on Wednesday, July 26th. Citigroup Inc. increased their target price on United Rentals from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG increased their target price on United Rentals from $121.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $124.50.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.
United Rentals Company Profile
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.
Receive News & Stock Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related stocks with our FREE daily email newsletter.