State of Tennessee Treasury Department lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 62.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,610 shares of the construction company’s stock after purchasing an additional 14,495 shares during the period. State of Tennessee Treasury Department’s holdings in United Rentals were worth $5,218,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of URI. Monarch Partners Asset Management LLC acquired a new position in United Rentals in the third quarter valued at approximately $9,096,000. State of Wisconsin Investment Board lifted its holdings in United Rentals by 10.2% in the third quarter. State of Wisconsin Investment Board now owns 83,349 shares of the construction company’s stock valued at $11,564,000 after acquiring an additional 7,735 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in United Rentals by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 134,372 shares of the construction company’s stock valued at $18,643,000 after acquiring an additional 540 shares during the last quarter. Morse Asset Management Inc lifted its holdings in United Rentals by 12.5% in the third quarter. Morse Asset Management Inc now owns 4,275 shares of the construction company’s stock valued at $593,000 after acquiring an additional 475 shares during the last quarter. Finally, Csenge Advisory Group acquired a new position in United Rentals in the third quarter valued at approximately $242,000. Institutional investors and hedge funds own 91.91% of the company’s stock.

A number of analysts have issued reports on URI shares. Citigroup Inc. boosted their target price on United Rentals from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of United Rentals in a research report on Friday, October 20th. Bank of America Corporation set a $165.00 target price on United Rentals and gave the company a “buy” rating in a research report on Thursday, October 19th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of United Rentals in a research report on Thursday, October 19th. Finally, UBS AG set a $150.00 target price on United Rentals and gave the company a “hold” rating in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $144.97.

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United Rentals, Inc. (NYSE:URI) opened at $144.87 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 3.47. United Rentals, Inc. has a twelve month low of $90.77 and a twelve month high of $149.45. The company has a market capitalization of $12,230.33, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.88 and a beta of 2.65.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 18th. The construction company reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.64% and a return on equity of 44.81%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $2.58 earnings per share. United Rentals’s revenue for the quarter was up 17.1% on a year-over-year basis. equities analysts expect that United Rentals, Inc. will post 10.49 EPS for the current fiscal year.

United Rentals announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 18th that allows the company to buyback $373.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

In other news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Kneeland sold 30,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $144.72, for a total transaction of $4,341,600.00. Following the sale, the insider now owns 272,292 shares of the company’s stock, valued at approximately $39,406,098.24. The disclosure for this sale can be found here. Insiders sold 65,433 shares of company stock valued at $9,434,570 in the last 90 days. 1.20% of the stock is currently owned by insiders.

United Rentals 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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