Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, Holdings Channel reports. The fund bought 9,317 shares of the construction company’s stock, valued at approximately $1,050,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of URI. Assenagon Asset Management S.A. bought a new position in United Rentals during the second quarter worth approximately $538,000. Aperio Group LLC boosted its position in United Rentals by 3.2% in the second quarter. Aperio Group LLC now owns 30,774 shares of the construction company’s stock worth $3,469,000 after buying an additional 961 shares during the last quarter. Visionary Asset Management Inc. bought a new position in United Rentals during the second quarter worth approximately $203,000. LS Investment Advisors LLC boosted its position in United Rentals by 7.4% in the second quarter. LS Investment Advisors LLC now owns 3,657 shares of the construction company’s stock worth $412,000 after buying an additional 252 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its position in United Rentals by 3.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,764 shares of the construction company’s stock worth $312,000 after buying an additional 100 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

United Rentals, Inc. (NYSE:URI) traded down 2.64% on Friday, hitting $119.31. The stock had a trading volume of 1,782,197 shares. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28. The stock has a 50-day moving average of $110.17 and a 200-day moving average of $116.51. The company has a market cap of $10.08 billion, a PE ratio of 17.69 and a beta of 2.42. United Rentals also was the target of some unusual options trading on Wednesday. Investors bought 12,351 put options on the stock. This is an increase of 459% compared to the typical volume of 2,209 put options.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 19th. The construction company reported $2.37 EPS for the quarter, beating 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $2.06 earnings per share. United Rentals’s revenue was up 12.4% compared to the same quarter last year. Equities analysts expect that United Rentals, Inc. will post $9.66 earnings per share for the current fiscal year.

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A number of research firms have commented on URI. Citigroup Inc. upped their target price on shares of United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank AG increased their price target on shares of United Rentals from $121.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus reissued a “hold” rating on shares of United Rentals in a research report on Friday. ValuEngine cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 price target (up previously from $130.00) on shares of United Rentals in a research report on Thursday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. United Rentals has a consensus rating of “Buy” and an average target price of $124.91.

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

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