UBS Asset Management Americas Inc. lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 4.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 377,611 shares of the construction company’s stock after buying an additional 14,737 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.45% of United Rentals worth $42,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in URI. First Manhattan Co. increased its holdings in shares of United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock worth $111,000 after buying an additional 967 shares during the last quarter. Huntington National Bank increased its holdings in shares of United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock worth $163,000 after buying an additional 179 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock worth $187,000 after buying an additional 478 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of United Rentals by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 145 shares during the last quarter. Finally, Investment Centers of America Inc. acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $203,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

United Rentals, Inc. (URI) opened at 132.21 on Tuesday. The firm has a 50 day moving average of $117.55 and a 200 day moving average of $115.67. The firm has a market cap of $11.18 billion, a P/E ratio of 19.21 and a beta of 2.42. United Rentals, Inc. has a 1-year low of $70.58 and a 1-year high of $134.28.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.09. The company had revenue of $1.60 billion for 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 revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. On average, equities research analysts expect that United Rentals, Inc. will post $9.91 EPS for the current year.

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A number of analysts have recently issued reports on URI shares. BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and set a $150.00 price target on shares of United Rentals in a report on Friday, June 9th. ValuEngine downgraded shares of United Rentals from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Bank of America Corporation restated a “buy” rating and set a $145.00 price target (up previously from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Finally, Citigroup Inc. raised their price target on shares of United Rentals from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $127.85.

In other news, CFO William B. Plummer sold 5,301 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at $4,880,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the 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 completion of the sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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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