CNA Financial Corp acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,000 shares of the construction company’s stock, valued at approximately $3,043,000.

Other institutional investors have also recently made changes to their positions in the company. First Manhattan Co. raised its position in United Rentals by 4,204.3% during the 2nd 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 last quarter. State of Alaska Department of Revenue purchased a new position in United Rentals during the 1st quarter worth $127,000. Huntington National Bank raised its position in United Rentals by 14.2% during the 2nd 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 last quarter. Eqis Capital Management Inc. purchased a new position in United Rentals during the 1st quarter worth $201,000. Finally, Investment Centers of America Inc. purchased a new position in United Rentals during the 1st quarter worth $203,000. Institutional investors own 93.72% of the company’s stock.

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United Rentals, Inc. (URI) traded down 1.906% during midday trading on Monday, hitting $124.275. 922,682 shares of the company traded hands. The company has a market cap of $10.51 billion, a PE ratio of 18.053 and a beta of 2.42. The stock has a 50 day moving average price of $115.80 and a 200-day moving average price of $115.64. United Rentals, Inc. has a 12-month low of $70.58 and a 12-month high of $134.28.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. Analysts expect that United Rentals, Inc. will post $9.91 EPS for the current year.

URI has been the subject of a number of research analyst reports. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Citigroup Inc. increased their price target on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a report on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating on shares of United Rentals in a report on Friday, July 21st. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $145.00 price target (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $126.97.

In related news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction that occurred on 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 completion of 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 SEC, which is available at this link. 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.

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

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