ARP Americas LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,245 shares of the construction company’s stock after selling 494 shares during the period. ARP Americas LLC’s holdings in United Rentals were worth $253,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in URI. Airain ltd raised its stake in shares of United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock worth $5,912,000 after buying an additional 38,438 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of United Rentals during the first quarter worth $127,000. Columbus Circle Investors bought a new stake in shares of United Rentals during the first quarter worth $8,383,000. Boys Arnold & Co. Inc. raised its stake in shares of United Rentals by 77.3% in the first quarter. Boys Arnold & Co. Inc. now owns 4,478 shares of the construction company’s stock worth $560,000 after buying an additional 1,953 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in United Rentals by 2.8% in the first quarter. Nisa Investment Advisors LLC now owns 41,701 shares of the construction company’s stock valued at $5,215,000 after buying an additional 1,125 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.
Shares of United Rentals, Inc. (NYSE URI) traded up 0.04% during mid-day trading on Friday, reaching $111.86. 1,411,868 shares of the company’s stock traded hands. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 16.25 and a beta of 2.43. The firm’s 50-day moving average is $115.82 and its 200 day moving average is $116.99. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28.
United Rentals (NYSE:URI) last issued 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. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $2.06 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current year.
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Several equities research analysts have recently commented on the stock. Axiom Securities restated 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 issued a $145.00 price target (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $124.68.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the transaction, the insider now directly 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 is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
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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