United Rentals, Inc. (NYSE:URI) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URIGet Rating) by 7.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 476 shares of the construction company’s stock after purchasing an additional 34 shares during the quarter. Quadrant Capital Group LLC’s holdings in United Rentals were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AustralianSuper Pty Ltd grew its position in United Rentals by 7.6% during the first quarter. AustralianSuper Pty Ltd now owns 989,184 shares of the construction company’s stock worth $351,368,000 after buying an additional 70,025 shares during the period. Mackenzie Financial Corp grew its position in United Rentals by 4.2% during the fourth quarter. Mackenzie Financial Corp now owns 718,467 shares of the construction company’s stock worth $238,739,000 after buying an additional 29,207 shares during the period. Norges Bank acquired a new position in United Rentals during the fourth quarter worth about $238,172,000. Victory Capital Management Inc. grew its position in United Rentals by 16.7% during the first quarter. Victory Capital Management Inc. now owns 710,833 shares of the construction company’s stock worth $251,024,000 after buying an additional 101,563 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in United Rentals by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 436,039 shares of the construction company’s stock worth $144,891,000 after buying an additional 68,782 shares during the period. 89.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Rentals news, CFO Jessica Graziano sold 977 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the transaction, the chief financial officer now owns 21,587 shares of the company’s stock, valued at $7,015,775. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other United Rentals news, CFO Jessica Graziano sold 977 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $325.00, for a total transaction of $317,525.00. Following the transaction, the chief financial officer now owns 21,587 shares of the company’s stock, valued at $7,015,775. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Shiv Singh acquired 173 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was acquired at an average cost of $288.65 per share, with a total value of $49,936.45. Following the transaction, the director now directly owns 6,993 shares of the company’s stock, valued at $2,018,529.45. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Robert W. Baird upped their price target on shares of United Rentals from $247.00 to $312.00 in a report on Thursday, July 28th. KeyCorp upped their price target on shares of United Rentals from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, July 29th. OTR Global downgraded shares of United Rentals to a “positive” rating in a report on Wednesday, June 22nd. Finally, UBS Group reduced their price target on shares of United Rentals to $400.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $360.00.

United Rentals Stock Performance

Shares of URI opened at $323.43 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.97 and a current ratio of 1.07. The company has a market capitalization of $22.64 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.58 and a beta of 1.92. The company’s 50 day simple moving average is $272.17 and its 200 day simple moving average is $302.22. United Rentals, Inc. has a 1 year low of $230.54 and a 1 year high of $414.99.

United Rentals (NYSE:URIGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $1.29. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.66 earnings per share. On average, sell-side analysts predict that United Rentals, Inc. will post 31.03 EPS for the current year.

About United Rentals

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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

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