Public Employees Retirement Association of Colorado Has $1.95 Million Position in United Rentals, Inc. (NYSE:URI)
Public Employees Retirement Association of Colorado lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 17,314 shares of the construction company’s stock after selling 144 shares during the period. Public Employees Retirement Association of Colorado’s holdings in United Rentals were worth $1,951,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in URI. Whittier Trust Co. increased its position 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 worth $112,000 after buying an additional 60 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of United Rentals during the first quarter worth $127,000. 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 worth $163,000 after buying an additional 179 shares in the last quarter. Dubuque Bank & Trust Co. increased its position 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 worth $195,000 after buying an additional 1,004 shares in the last quarter. Finally, Pennsylvania Trust Co acquired a new position in shares of United Rentals during the first quarter worth $200,000. 95.05% of the stock is owned by institutional investors and hedge funds.
Shares of United Rentals, Inc. (NYSE URI) opened at 111.62 on Friday. The stock has a market cap of $9.44 billion, a PE ratio of 16.21 and a beta of 2.43. The company has a 50-day moving average of $114.89 and a 200 day moving average of $117.35. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28.
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, topping the consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. United Rentals’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current year.
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A number of equities research analysts have recently commented on URI shares. UBS Group AG reiterated a “neutral” rating and set a $121.00 price target on shares of United Rentals in a report on Sunday, April 23rd. BidaskClub cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Monday, July 24th. Finally, Royal Bank Of Canada upgraded shares of United Rentals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $128.00 to $138.00 in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. United Rentals presently has an average rating of “Buy” and an average target price of $124.50.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.
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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