Pitcairn Co. Has $437,000 Position in United Rentals, Inc. (NYSE:URI)
Pitcairn Co. lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,871 shares of the construction company’s stock after selling 51 shares during the period. Pitcairn Co.’s holdings in United Rentals were worth $437,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Whittier Trust Co. boosted its stake in shares of United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares in the last quarter. First Manhattan Co. boosted its stake 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. State of Alaska Department of Revenue bought a new stake in shares of United Rentals during the first quarter valued at $127,000. Huntington National Bank boosted its stake 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. Finally, Dubuque Bank & Trust Co. boosted its stake in shares of United Rentals by 181.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,557 shares of the construction company’s stock valued at $195,000 after buying an additional 1,004 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.
United Rentals, Inc. (NYSE:URI) opened at 112.20 on Tuesday. The firm’s 50-day moving average is $115.32 and its 200-day moving average is $117.30. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $134.28. The company has a market capitalization of $9.49 billion, a PE ratio of 16.30 and a beta of 2.43.
United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. Equities analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current fiscal year.
URI has been the topic of several research analyst reports. UBS AG restated a “neutral” rating and issued a $121.00 price objective on shares of United Rentals in a research report on Sunday, April 23rd. BidaskClub cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Friday. Axiom Securities restated a “sell” rating on shares of United Rentals in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada upgraded shares of United Rentals from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $128.00 to $138.00 in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $124.50.
In other news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the transaction, the insider now owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
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.
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