United Rentals, Inc. (URI) Shares Sold by Macguire Cheswick & Tuttle Investment Counsel LLC
Macguire Cheswick & Tuttle Investment Counsel LLC lowered its position in shares of United Rentals, Inc. (NYSE:URI) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,805 shares of the construction company’s stock after selling 1,440 shares during the period. United Rentals makes up about 1.4% of Macguire Cheswick & Tuttle Investment Counsel LLC’s portfolio, making the stock its 29th largest position. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in United Rentals were worth $6,741,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Airain ltd boosted its position 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. Candriam Luxembourg S.C.A. purchased a new position in shares of United Rentals during the first quarter worth approximately $791,000. Retirement Systems of Alabama boosted its position in shares of United Rentals by 75.4% in the first quarter. Retirement Systems of Alabama now owns 70,015 shares of the construction company’s stock worth $8,755,000 after buying an additional 30,095 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of United Rentals during the first quarter worth approximately $127,000. Finally, Columbus Circle Investors purchased a new position in shares of United Rentals during the first quarter worth approximately $8,383,000. 95.05% of the stock is owned by institutional investors and hedge funds.
United Rentals, Inc. (NYSE:URI) opened at 111.54 on Friday. The company has a 50-day moving average price of $115.11 and a 200 day moving average price of $117.36. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 16.20 and a beta of 2.43. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $134.28.
United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. United Rentals’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS. Equities analysts predict that United Rentals, Inc. will post $9.91 earnings per share for the current year.
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A number of brokerages have commented on URI. ValuEngine cut United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating on shares of United Rentals in a report on Friday, July 21st. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of United Rentals in a report on Thursday, April 20th. Finally, Citigroup Inc. increased their price target on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. United Rentals currently has an average rating of “Buy” and a consensus target price of $124.50.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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