State of Tennessee Treasury Department boosted its holdings in United Rentals, Inc. (NYSE:URI) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,150 shares of the construction company’s stock after purchasing an additional 1,032 shares during the period. State of Tennessee Treasury Department’s holdings in United Rentals were worth $2,387,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. DNB Asset Management AS lifted its stake in United Rentals by 2.8% in the second quarter. DNB Asset Management AS now owns 26,840 shares of the construction company’s stock worth $3,560,000 after purchasing an additional 740 shares during the last quarter. Pendal Group Ltd bought a new stake in United Rentals in the second quarter worth $465,000. Putnam FL Investment Management Co. lifted its stake in United Rentals by 30.9% in the second quarter. Putnam FL Investment Management Co. now owns 3,290 shares of the construction company’s stock worth $436,000 after purchasing an additional 777 shares during the last quarter. Lyrical Asset Management LP lifted its stake in United Rentals by 38.0% in the second quarter. Lyrical Asset Management LP now owns 2,220,998 shares of the construction company’s stock worth $294,571,000 after purchasing an additional 611,715 shares during the last quarter. Finally, Glen Harbor Capital Management LLC lifted its stake in United Rentals by 49.1% in the second quarter. Glen Harbor Capital Management LLC now owns 18,160 shares of the construction company’s stock worth $2,409,000 after purchasing an additional 5,984 shares during the last quarter. 89.57% of the stock is owned by institutional investors and hedge funds.

In related news, Director Michael Kneeland sold 22,999 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $151.08, for a total value of $3,474,688.92. Following the completion of the transaction, the director now directly owns 181,973 shares of the company’s stock, valued at $27,492,480.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jason D. Papastavrou sold 3,036 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $150.05, for a total transaction of $455,551.80. Following the completion of the transaction, the director now directly owns 181,973 shares of the company’s stock, valued at $27,305,048.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,770 shares of company stock valued at $4,292,710. 1.00% of the stock is owned by insiders.

Several research firms have weighed in on URI. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the stock a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price objective for the company in a research note on Friday, October 11th. Royal Bank of Canada set a $150.00 price objective on shares of United Rentals and gave the company a “buy” rating in a research note on Friday, October 18th. Macquarie set a $99.00 price objective on shares of United Rentals and gave the company a “sell” rating in a research note on Friday, July 19th. Finally, UBS Group downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $166.00 to $118.00 in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $137.67.

Shares of NYSE:URI opened at $155.32 on Friday. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.64 and a beta of 2.68. The company has a 50-day moving average price of $128.39 and a 200-day moving average price of $124.93. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93. United Rentals, Inc. has a 12 month low of $94.28 and a 12 month high of $155.74.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.74 by $0.22. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.74 earnings per share. As a group, research analysts forecast that United Rentals, Inc. will post 19.28 EPS for the current fiscal year.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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