United Rentals, Inc. (URI) Shares Bought by Ajo LP
Ajo LP grew its position in United Rentals, Inc. (NYSE:URI) by 538.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 488,758 shares of the construction company’s stock after acquiring an additional 412,176 shares during the quarter. Ajo LP owned about 0.58% of United Rentals worth $55,088,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of URI. First Manhattan Co. boosted its holdings in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after acquiring an additional 967 shares during the period. Huntington National Bank boosted its holdings in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after acquiring an additional 179 shares during the period. IFP Advisors Inc boosted its holdings in shares of United Rentals by 40.4% in the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after acquiring an additional 478 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of United Rentals in the first quarter valued at approximately $201,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of United Rentals by 8.8% in the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 145 shares during the period. 93.72% of the stock is owned by institutional investors and hedge funds.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the business’s 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 completion of the transaction, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
Several research firms have recently weighed in on URI. Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Tuesday, June 6th. BidaskClub downgraded United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $145.00 price objective (up from $130.00) on shares of United Rentals in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. United Rentals presently has an average rating of “Buy” and a consensus target price of $126.97.
United Rentals, Inc. (NYSE URI) opened at 127.69 on Wednesday. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $134.28. The firm has a 50-day moving average price of $116.06 and a 200 day moving average price of $115.67. The stock has a market cap of $10.79 billion, a PE ratio of 18.55 and a beta of 2.42.
United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that United Rentals, Inc. will post $9.91 earnings per share for the current year.
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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