Teacher Retirement System of Texas decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 5.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 472,693 shares of the construction company’s stock after selling 28,778 shares during the period. Teacher Retirement System of Texas owned 0.56% of United Rentals worth $53,277,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Whittier Trust Co. boosted its stake in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock worth $112,000 after buying an additional 60 shares during the period. First Manhattan Co. boosted its stake in United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares during the period. State of Alaska Department of Revenue acquired a new stake in United Rentals during the first quarter worth approximately $127,000. Huntington National Bank boosted its stake in United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares during the period. Finally, 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 period. Hedge funds and other institutional investors own 95.05% of the company’s stock.

United Rentals, Inc. (NYSE:URI) opened at 111.62 on Friday. The firm has a 50-day moving average of $114.89 and a 200-day moving average of $117.35. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 16.21 and a beta of 2.43. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current year.

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A number of research firms have recently commented on URI. UBS AG restated a “neutral” rating and set a $121.00 target price on shares of United Rentals in a research report on Sunday, April 23rd. BidaskClub cut United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Axiom Securities restated a “sell” rating on shares of United Rentals in a research report on Thursday, July 13th. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Monday, July 24th. Finally, Royal Bank Of Canada upgraded United Rentals from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $128.00 to $138.00 in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $124.50.

In other news, insider Michael Kneeland sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

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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