Advisory Services Network LLC Has $217,000 Position in United Rentals Inc. (URI)
Advisory Services Network LLC decreased its position in United Rentals Inc. (NYSE:URI) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 3,228 shares of the company’s stock after selling 134 shares during the period. Advisory Services Network LLC’s holdings in United Rentals were worth $217,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in URI. Invictus RG increased its position in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of United Rentals during the second quarter worth approximately $181,000. Euclid Advisors LLC purchased a new position in shares of United Rentals during the first quarter worth approximately $221,000. National Planning Corp purchased a new position in shares of United Rentals during the first quarter worth approximately $227,000. Finally, Calamos Wealth Management LLC purchased a new position in shares of United Rentals during the second quarter worth approximately $233,000. Institutional investors own 90.93% of the company’s stock.
United Rentals Inc. (NYSE:URI) traded down 2.94% during mid-day trading on Friday, hitting $80.76. 2,086,308 shares of the stock were exchanged. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 12.18 and a beta of 2.61. United Rentals Inc. has a 52 week low of $41.90 and a 52 week high of $84.63. The company has a 50 day moving average price of $79.41 and a 200 day moving average price of $70.88.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.24. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. United Rentals’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. Analysts expect that United Rentals Inc. will post $8.08 EPS for the current fiscal year.
A number of brokerages have recently issued reports on URI. RBC Capital Markets reiterated a “hold” rating and issued a $80.00 price target (up previously from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Bank of America Corp. upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $85.00 price target for the company in a report on Thursday, August 18th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Wednesday, July 27th. Macquarie began coverage on shares of United Rentals in a report on Thursday, August 25th. They issued an “underperform” rating and a $92.00 price target for the company. Finally, Morgan Stanley reiterated a “buy” rating on shares of United Rentals in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $75.61.
In other United Rentals news, SVP Dale A. Asplund sold 17,972 shares of United Rentals stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $78.52, for a total transaction of $1,411,161.44. Following the transaction, the senior vice president now owns 15,009 shares of the company’s stock, valued at approximately $1,178,506.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jessica Graziano sold 877 shares of United Rentals stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $76.34, for a total value of $66,950.18. Following the transaction, the vice president now directly owns 7,127 shares in the company, valued at approximately $544,075.18. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
United Rentals Company Profile
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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