Edgestream Partners L.P. Boosts Stock Position in United Rentals, Inc. (NYSE:URI)

Edgestream Partners L.P. increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 15.5% in the second quarter, HoldingsChannel reports. The firm owned 7,982 shares of the construction company’s stock after buying an additional 1,072 shares during the quarter. Edgestream Partners L.P.’s holdings in United Rentals were worth $2,546,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of URI. CoreFirst Bank & Trust purchased a new stake in United Rentals during the 1st quarter worth about $30,000. Stonebridge Capital Advisors LLC purchased a new stake in United Rentals during the 1st quarter worth about $35,000. WASHINGTON TRUST Co increased its position in United Rentals by 153.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 114 shares of the construction company’s stock worth $36,000 after purchasing an additional 69 shares in the last quarter. E Fund Management Co. Ltd. purchased a new stake in United Rentals during the 1st quarter worth about $41,000. Finally, Van ECK Associates Corp purchased a new stake in United Rentals during the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 88.94% of the company’s stock.

URI stock opened at $331.30 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.83. United Rentals, Inc. has a 52-week low of $159.01 and a 52-week high of $364.30. The stock’s 50 day moving average is $333.88 and its two-hundred day moving average is $324.80. The company has a market capitalization of $23.98 billion, a PE ratio of 24.04, a P/E/G ratio of 1.02 and a beta of 2.03.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 28th. The construction company reported $4.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($0.15). United Rentals had a return on equity of 29.06% and a net margin of 11.36%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the firm earned $3.68 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 21.66 EPS for the current year.

URI has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on United Rentals from $360.00 to $342.00 and set a “hold” rating for the company in a research report on Wednesday, July 14th. raised United Rentals from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Wednesday, June 23rd. Citigroup raised United Rentals from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 23rd. UBS Group raised United Rentals from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $335.00 to $375.00 in a research note on Friday, June 25th. Finally, Barclays lifted their price objective on United Rentals from $255.00 to $265.00 and gave the company an “underweight” rating in a research note on Wednesday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $310.17.

United Rentals Company Profile

United Rentals, Inc engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The firm operates through two business segments: General Rentals; and Trench, Power & Fluid Solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities.

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

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