DekaBank Deutsche Girozentrale Has $4.08 Million Stake in United Rentals, Inc. (URI)
DekaBank Deutsche Girozentrale increased its stake in United Rentals, Inc. (NYSE:URI) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,707 shares of the construction company’s stock after buying an additional 2,343 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Rentals were worth $4,081,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Airain ltd raised its stake in shares of United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock valued at $5,912,000 after buying an additional 38,438 shares during the period. UMB Bank N A MO bought a new stake in shares of United Rentals during the first quarter valued at about $635,000. Nationwide Fund Advisors raised its stake in shares of United Rentals by 2.6% in the first quarter. Nationwide Fund Advisors now owns 390,605 shares of the construction company’s stock valued at $48,845,000 after buying an additional 9,857 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in shares of United Rentals during the first quarter valued at about $791,000. Finally, Retirement Systems of Alabama raised its stake in shares of United Rentals by 75.4% in the first quarter. Retirement Systems of Alabama now owns 70,015 shares of the construction company’s stock valued at $8,755,000 after buying an additional 30,095 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) opened at 111.97 on Thursday. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $134.28. The stock has a market cap of $9.47 billion, a PE ratio of 16.27 and a beta of 2.43. The firm has a 50-day moving average price of $115.66 and a 200-day moving average price of $117.15.
United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 46.01% and a net margin of 9.86%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. On average, analysts forecast that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
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Several analysts recently issued reports on URI shares. Vetr upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price objective on the stock in a report on Monday, May 1st. Bank of America Corporation upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and issued a $120.00 price objective (down from $131.00) on shares of United Rentals in a report on Sunday, April 23rd. Evercore ISI upgraded shares of United Rentals from an “in-line” rating to an “outperform” rating and set a $134.00 price objective on the stock in a report on Monday, May 8th. Finally, Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $128.00 to $138.00 in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $124.50.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the sale, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.
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.
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