Court Place Advisors LLC Has $931,000 Position in United Rentals Inc. (URI)
Court Place Advisors LLC increased its stake in shares of United Rentals Inc. (NYSE:URI) by 66.3% during the second quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in URI. Bank of Montreal Can bought a new stake in shares of United Rentals during the second quarter valued at approximately $121,012,000. Norges Bank bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $54,801,000. James Investment Research Inc. increased its stake in shares of United Rentals by 6,470.0% in the second quarter. James Investment Research Inc. now owns 249,661 shares of the company’s stock valued at $16,753,000 after buying an additional 245,861 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in shares of United Rentals during the second quarter valued at approximately $15,205,000. Finally, Boston Advisors LLC increased its stake in shares of United Rentals by 396.0% in the first quarter. Boston Advisors LLC now owns 245,490 shares of the company’s stock valued at $15,267,000 after buying an additional 195,995 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.
United Rentals Inc. (NYSE:URI) traded up 1.98% during mid-day trading on Monday, reaching $79.18. The company’s stock had a trading volume of 1,172,239 shares. The company has a 50 day moving average of $79.77 and a 200-day moving average of $69.29. United Rentals Inc. has a 52-week low of $41.90 and a 52-week high of $84.63. The stock has a market cap of $6.82 billion, a PE ratio of 11.94 and a beta of 2.37.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.24. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 earnings per share. Equities analysts forecast that United Rentals Inc. will post $8.05 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. RBC Capital Markets reissued a “hold” rating and issued a $80.00 price objective (up from $68.00) on shares of United Rentals in a research note on Friday, July 22nd. Bank of America Corp. raised United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price objective for the company in a research note on Thursday, August 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research note on Wednesday, July 27th. Macquarie assumed coverage on United Rentals in a research note on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price objective for the company. Finally, Morgan Stanley reissued a “buy” rating on shares of United Rentals in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company currently 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 business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $81.09, for a total value of $324,360.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the completion of the sale, the chief financial officer now owns 73,209 shares in the company, valued at $5,764,476.66. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
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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