1,341 Shares in United Rentals, Inc. (URI) Purchased by Americafirst Capital Management LLC
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.
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.
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.