Hellman Jordan Management Co. Inc. MA decreased its stake in United Rentals, Inc. (NYSE:URI) by 25.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,112 shares of the construction company’s stock after selling 1,409 shares during the period. Hellman Jordan Management Co. Inc. MA’s holdings in United Rentals were worth $607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of URI. Bank of Montreal Can purchased a new stake in shares of United Rentals in the second quarter worth about $111,154,000. Janus Henderson Group PLC boosted its position in shares of United Rentals by 131.1% in the second quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock worth $146,992,000 after buying an additional 564,954 shares during the period. J. L. Bainbridge & Co. Inc. purchased a new stake in shares of United Rentals in the second quarter worth about $55,798,000. Public Employees Retirement Association of Colorado boosted its position in shares of United Rentals by 2,369.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 384,866 shares of the construction company’s stock worth $56,814,000 after buying an additional 369,280 shares during the period. Finally, Columbus Hill Capital Management L.P. purchased a new stake in shares of United Rentals in the second quarter worth about $53,143,000. 86.78% of the stock is owned by institutional investors.

Shares of URI opened at $167.05 on Wednesday. The stock has a market capitalization of $13.98 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 0.59 and a beta of 2.47. United Rentals, Inc. has a one year low of $128.12 and a one year high of $190.74. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 2.56.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 18th. The construction company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.40. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. United Rentals had a return on equity of 39.28% and a net margin of 21.18%. United Rentals’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.37 earnings per share. research analysts anticipate that United Rentals, Inc. will post 16.08 EPS for the current year.

In other United Rentals news, Director Donald C. Roof sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the transaction, the director now owns 12,564 shares of the company’s stock, valued at approximately $2,107,987.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $155.37, for a total value of $4,661,100.00. Following the transaction, the chief executive officer now directly owns 219,925 shares in the company, valued at approximately $34,169,747.25. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several brokerages have recently weighed in on URI. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research report on Tuesday, July 31st. Bank of America set a $200.00 price target on United Rentals and gave the company a “buy” rating in a report on Thursday, September 13th. Deutsche Bank set a $158.00 price target on United Rentals and gave the company a “hold” rating in a report on Wednesday, September 5th. Buckingham Research set a $190.00 price target on United Rentals and gave the company a “buy” rating in a report on Tuesday. Finally, UBS Group set a $196.00 price target on United Rentals and gave the company a “buy” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. United Rentals has an average rating of “Buy” and a consensus target price of $188.73.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in 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; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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

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