Mitsubishi UFJ Trust & Banking Corp trimmed its stake in United Rentals, Inc. (NYSE:URI) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,596 shares of the construction company’s stock after selling 5,166 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of United Rentals worth $23,946,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Profund Advisors LLC boosted its stake in shares of United Rentals by 1.1% during the 2nd quarter. Profund Advisors LLC now owns 2,256 shares of the construction company’s stock worth $254,000 after acquiring an additional 24 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of 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 worth $708,000 after acquiring an additional 25 shares during the period. Bank of Hawaii boosted its stake in shares of United Rentals by 0.3% during the 2nd quarter. Bank of Hawaii now owns 11,330 shares of the construction company’s stock worth $1,277,000 after acquiring an additional 30 shares during the period. Alps Advisors Inc. boosted its stake in shares of United Rentals by 0.7% during the 2nd quarter. Alps Advisors Inc. now owns 9,511 shares of the construction company’s stock worth $1,072,000 after acquiring an additional 62 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of United Rentals by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 14,679 shares of the construction company’s stock worth $1,656,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Several research analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating on shares of United Rentals in a research note on Friday, August 18th. Stifel Nicolaus upgraded United Rentals from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Friday, August 18th. BidaskClub downgraded United Rentals from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Deutsche Bank reiterated a “hold” rating and set a $157.00 target price (up from $130.00) on shares of United Rentals in a research note on Tuesday, October 3rd. Finally, UBS set a $150.00 target price on United Rentals and gave the stock a “hold” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. United Rentals presently has a consensus rating of “Buy” and an average target price of $145.57.

United Rentals, Inc. (NYSE URI) traded up $3.50 during trading hours on Thursday, reaching $161.78. The company had a trading volume of 327,543 shares, compared to its average volume of 1,568,874. The firm has a market cap of $13,463.43, a PE ratio of 16.03, a P/E/G ratio of 0.81 and a beta of 2.67. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.88 and a current ratio of 0.92. United Rentals, Inc. has a 1-year low of $100.62 and a 1-year high of $163.92.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.27. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Rentals had a return on equity of 44.81% and a net margin of 9.64%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the firm posted $2.58 EPS. equities research analysts predict that United Rentals, Inc. will post 10.56 earnings per share for the current fiscal year.

United Rentals declared that its Board of Directors has authorized 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other United Rentals news, CFO William B. Plummer sold 5,301 shares of United Rentals stock in a transaction on Friday, September 15th. The stock was sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the transaction, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Matthew John Flannery sold 22,324 shares of United Rentals stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $147.44, for a total value of $3,291,450.56. Following the completion of the transaction, the chief operating officer now directly owns 31,243 shares of the company’s stock, valued at $4,606,467.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,440 shares of company stock valued at $10,055,421. 1.20% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/12/07/mitsubishi-ufj-trust-banking-corp-has-23-95-million-holdings-in-united-rentals-inc-uri.html.

About United Rentals

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)

Receive News & Stock Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related stocks with our FREE daily email newsletter.