Court Place Advisors LLC Has $931,000 Position in United Rentals Inc. (URI)
Court Place Advisors LLC boosted its position in shares of United Rentals Inc. (NYSE:URI) by 66.3% during the second quarter, Holdings Channel reports. The firm owned 13,870 shares of the company’s stock after buying an additional 5,530 shares during the period. Court Place Advisors LLC’s holdings in United Rentals were worth $931,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of URI. Invictus RG raised its stake in United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock valued at $127,000 after buying an additional 1,972 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in United Rentals during the second quarter valued at about $181,000. Euclid Advisors LLC bought a new stake in United Rentals during the first quarter valued at about $221,000. National Planning Corp bought a new stake in United Rentals during the first quarter valued at about $227,000. Finally, FDO Partners LLC bought a new stake in United Rentals during the first quarter valued at about $237,000. Institutional investors own 91.16% of the company’s stock.
United Rentals Inc. (NYSE:URI) traded up 1.98% during midday trading on Monday, reaching $79.18. The company’s stock had a trading volume of 1,172,239 shares. The company has a market cap of $6.82 billion, a PE ratio of 11.94 and a beta of 2.37. United Rentals Inc. has a 12 month low of $41.90 and a 12 month high of $84.63. The stock has a 50-day moving average price of $79.77 and a 200 day moving average price of $69.29.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.24. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned $1.95 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. Analysts expect that United Rentals Inc. will post $8.05 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. Jefferies Group set a $80.00 target price on United Rentals and gave the stock a “buy” rating in a report on Thursday, July 21st. RBC Capital Markets reiterated a “hold” rating and set a $80.00 target price (up previously from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Royal Bank Of Canada upped their target price on United Rentals from $68.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 22nd. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Wednesday, July 27th. Finally, Bank of America Corp. upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a report on Thursday, August 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $74.85.
In other news, Director Brian Mcauley sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $81.09, for a total transaction of $324,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Kneeland sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the sale, the insider now owns 387,169 shares of the company’s stock, valued at approximately $29,560,353.15. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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