United Rentals, Inc. (URI) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans raised its stake in United Rentals, Inc. (NYSE:URI) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,667 shares of the construction company’s stock after purchasing an additional 7,990 shares during the quarter. Thrivent Financial For Lutherans owned about 0.17% of United Rentals worth $16,192,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Manhattan Co. boosted its holdings in shares of United Rentals by 4,204.3% in the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after purchasing an additional 967 shares during the last quarter. Huntington National Bank boosted its holdings in shares of United Rentals by 14.2% in the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after purchasing an additional 179 shares during the last quarter. Investment Centers of America Inc. acquired a new position in shares of United Rentals in the 1st quarter valued at $203,000. EFG Asset Management Americas Corp. acquired a new position in shares of United Rentals in the 1st quarter valued at $205,000. Finally, IFP Advisors Inc boosted its holdings in shares of United Rentals by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares during the last quarter. Institutional investors own 93.66% of the company’s stock.
In related news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 302,292 shares of the company’s stock, valued at $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
Shares of United Rentals, Inc. (URI) opened at 129.89 on Wednesday. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28. The stock has a market cap of $10.98 billion, a P/E ratio of 18.87 and a beta of 2.42. The company’s 50-day moving average is $117.55 and its 200 day moving average is $115.67.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The business had revenue of $1.60 billion during 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 quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 EPS. Equities research analysts anticipate that United Rentals, Inc. will post $9.91 EPS for the current year.
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A number of equities analysts have weighed in on the stock. Axiom Securities reiterated a “sell” rating on shares of United Rentals in a report on Tuesday, June 6th. BidaskClub lowered shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation restated a “buy” rating and set a $145.00 target price (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $126.97.
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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