United Rentals, Inc. (URI) Shares Bought by Chicago Equity Partners LLC
Chicago Equity Partners LLC increased its position in United Rentals, Inc. (NYSE:URI) by 2.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 210,830 shares of the construction company’s stock after buying an additional 5,115 shares during the period. United Rentals makes up 0.6% of Chicago Equity Partners LLC’s portfolio, making the stock its 25th largest position. Chicago Equity Partners LLC owned 0.25% of United Rentals worth $23,763,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its position in United Rentals by 4,204.3% in the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares during the period. Whittier Trust Co. boosted its position in 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 during the period. State of Alaska Department of Revenue bought a new position in United Rentals during the first quarter worth about $127,000. Huntington National Bank boosted its position in 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 during the period. Finally, IFP Advisors Inc boosted its position in United Rentals by 40.4% in the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after buying an additional 478 shares during the period. 93.71% of the stock is currently owned by institutional investors.
United Rentals, Inc. (NYSE:URI) traded down 0.13% during midday trading on Thursday, reaching $119.04. 354,508 shares of the company’s stock traded hands. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $134.28. The firm has a market cap of $10.06 billion, a PE ratio of 17.29 and a beta of 2.43. The firm’s 50-day moving average is $115.15 and its 200 day moving average is $116.32.
United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on URI. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Tuesday, June 6th. BidaskClub cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine raised shares of United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 price objective (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. United Rentals has a consensus rating of “Buy” and a consensus target price of $126.97.
In other news, insider Michael Kneeland sold 30,000 shares of United Rentals stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $120.77, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.
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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