Kennedy Capital Management Inc. cut its position in United Rentals, Inc. (NYSE:URI) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,405 shares of the construction company’s stock after selling 52,296 shares during the quarter. Kennedy Capital Management Inc. owned about 0.12% of United Rentals worth $11,767,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC lifted its holdings in United Rentals by 7.9% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 7,932 shares of the construction company’s stock valued at $894,000 after purchasing an additional 579 shares during the last quarter. LSV Asset Management lifted its holdings in United Rentals by 40.4% during the 2nd quarter. LSV Asset Management now owns 213,943 shares of the construction company’s stock valued at $24,113,000 after purchasing an additional 61,600 shares during the last quarter. HRT Financial LLC lifted its holdings in United Rentals by 34.7% during the 2nd quarter. HRT Financial LLC now owns 2,330 shares of the construction company’s stock valued at $262,000 after purchasing an additional 600 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in United Rentals by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,279 shares of the construction company’s stock valued at $708,000 after purchasing an additional 25 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in United Rentals by 0.5% during the 2nd quarter. State of Tennessee Treasury Department now owns 23,115 shares of the construction company’s stock valued at $2,605,000 after purchasing an additional 124 shares during the last quarter. 93.72% of the stock is owned by institutional investors and hedge funds.

United Rentals, Inc. (URI) opened at 126.69 on Friday. The firm has a 50-day moving average price of $115.90 and a 200-day moving average price of $115.82. The company has a market cap of $10.71 billion, a PE ratio of 18.40 and a beta of 2.42. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $134.28.

United Rentals (NYSE:URI) last released its quarterly 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. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm posted $2.06 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that United Rentals, Inc. will post $9.91 EPS for the current year.

Several brokerages have issued reports on URI. Jefferies Group LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of United Rentals in a report on Tuesday. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. UBS AG reaffirmed a “neutral” rating and set a $125.00 price target on shares of United Rentals in a report on Sunday, August 20th. Stifel Nicolaus raised United Rentals from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a report on Friday, August 18th. Finally, BidaskClub downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $126.97.

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In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company 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.

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

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