Americafirst Capital Management LLC bought a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,341 shares of the construction company’s stock, valued at approximately $151,000.

A number of other institutional investors have also added to or reduced their stakes in URI. First Manhattan Co. increased its position in shares of United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after buying an additional 967 shares in the last quarter. Huntington National Bank increased its position in shares of United Rentals by 14.2% in the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after buying an additional 179 shares in the last quarter. Investment Centers of America Inc. purchased a new position in shares of United Rentals in the first quarter valued at $203,000. IFP Advisors Inc increased its position in shares of United Rentals by 40.4% in the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after buying an additional 478 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of United Rentals by 8.8% in the second quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after buying an additional 145 shares in the last quarter. 93.75% of the stock is owned by institutional investors.

In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the transaction, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,880,934.30. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of brokerages have recently weighed in on URI. Citigroup Inc. raised their price target on United Rentals from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, October 5th. Deutsche Bank AG restated a “hold” rating and issued a $157.00 price target (up previously from $130.00) on shares of United Rentals in a research report on Tuesday, October 3rd. Jefferies Group LLC restated a “buy” rating and issued a $150.00 price target on shares of United Rentals in a research report on Thursday, September 21st. Finally, ValuEngine cut United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $134.70.

Shares of United Rentals, Inc. (NYSE:URI) traded up 0.14% during mid-day trading on Friday, reaching $144.21. The company’s stock had a trading volume of 885,179 shares. The firm’s 50 day moving average is $130.57 and its 200-day moving average is $117.70. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $145.56. The company has a market capitalization of $12.19 billion, a PE ratio of 20.95 and a beta of 2.46.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $2.06 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post $10.07 EPS for the current year.

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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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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