Cetera Investment Advisers bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,407 shares of the construction company’s stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new position in United Rentals during the second quarter valued at $364,000. Colony Group LLC acquired a new position in United Rentals during the second quarter valued at $220,000. Kalos Management Inc. lifted its position in United Rentals by 2.4% during the second quarter. Kalos Management Inc. now owns 4,610 shares of the construction company’s stock valued at $519,000 after purchasing an additional 108 shares during the period. Westwood Holdings Group Inc. acquired a new position in United Rentals during the second quarter valued at $633,000. Finally, Nomura Holdings Inc. acquired a new position in United Rentals during the second quarter valued at $1,211,000. Institutional investors own 93.66% of the company’s stock.

In related news, CFO William B. Plummer sold 5,301 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares in the company, valued at $4,880,934.30. The sale 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 company insiders.

A number of research analysts recently issued reports on URI shares. UBS AG restated a “neutral” rating and set a $125.00 target price on shares of United Rentals in a research report on Sunday, August 20th. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and set a $150.00 target price on shares of United Rentals in a research report on Tuesday, September 5th. Deutsche Bank AG boosted their target price on shares of United Rentals from $121.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and an average price target of $140.37.

United Rentals, Inc. (NYSE URI) traded up 0.12% during mid-day trading on Friday, hitting $144.57. 203,150 shares of the stock were exchanged. The company has a market cap of $12.22 billion, a P/E ratio of 21.00 and a beta of 2.46. The company has a 50-day moving average price of $134.17 and a 200-day moving average price of $118.29. United Rentals, Inc. has a one year low of $70.58 and a one year high of $147.60.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 47.50%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $2.58 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post $10.09 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 18th that authorizes the company to repurchase $373.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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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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