Public Sector Pension Investment Board Buys 4,818 Shares of United Rentals, Inc. (NYSE:URI)

Public Sector Pension Investment Board grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 70.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,647 shares of the construction company’s stock after purchasing an additional 4,818 shares during the period. Public Sector Pension Investment Board’s holdings in United Rentals were worth $3,716,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of United Rentals by 73.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78 shares of the construction company’s stock worth $25,000 after purchasing an additional 33 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of United Rentals during the 1st quarter worth approximately $30,000. Stonebridge Capital Advisors LLC acquired a new position in shares of United Rentals during the 1st quarter worth approximately $35,000. WASHINGTON TRUST Co grew its position in shares of 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. Finally, Van ECK Associates Corp acquired a new position in shares of United Rentals during the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 88.94% of the company’s stock.

Several analysts recently issued reports on URI shares. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and increased their price target for the stock from $335.00 to $375.00 in a research report on Friday, June 25th. upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research report on Wednesday, June 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of United Rentals from $360.00 to $342.00 and set a “hold” rating on the stock in a research report on Wednesday, July 14th. Citigroup upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 23rd. Finally, Morgan Stanley increased their price target on shares of United Rentals from $268.00 to $275.00 and gave the stock an “underweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $323.27.

Shares of United Rentals stock opened at $339.45 on Thursday. United Rentals, Inc. has a fifty-two week low of $167.25 and a fifty-two week high of $369.22. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.85 and a quick ratio of 0.78. The firm has a market capitalization of $24.57 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.02 and a beta of 2.03. The company’s 50 day moving average price is $346.10 and its two-hundred day moving average price is $330.57.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 28th. The construction company reported $4.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.81 by ($0.15). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. United Rentals had a net margin of 11.36% and a return on equity of 29.06%. During the same period in the previous year, the business posted $3.68 EPS. On average, analysts expect that United Rentals, Inc. will post 21.66 earnings per share for the current year.

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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