Sheaff Brock Investment Advisors LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,932 shares of the construction company’s stock after acquiring an additional 579 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in United Rentals were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. First Manhattan Co. lifted its stake in United Rentals by 4,204.3% during the second quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after purchasing an additional 967 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in United Rentals during the first quarter valued at approximately $127,000. Huntington National Bank lifted its stake in United Rentals by 14.2% during the second quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after purchasing an additional 179 shares during the last quarter. IFP Advisors Inc lifted its stake in United Rentals by 40.4% during the second quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after purchasing an additional 478 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in United Rentals during the first quarter valued at approximately $201,000. 93.72% of the stock is owned by institutional investors.
United Rentals, Inc. (NYSE:URI) opened at 127.38 on Friday. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 18.50 and a beta of 2.42. United Rentals, Inc. has a 52 week low of $70.58 and a 52 week high of $134.28. The stock’s 50 day moving average is $116.75 and its 200 day moving average is $115.87.
United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $2.06 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts expect that United Rentals, Inc. will post $9.91 EPS for the current year.
URI has been the subject of several recent research reports. Royal Bank Of Canada reissued a “hold” rating on shares of United Rentals in a research note on Wednesday, May 24th. ValuEngine upgraded shares of United Rentals from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Axiom Securities restated a “sell” rating on shares of United Rentals in a report on Tuesday, June 6th. 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. Finally, BidaskClub upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. United Rentals has a consensus rating of “Buy” and a consensus price target of $126.97.
In other United Rentals news, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $120.77, for a total value of $3,623,100.00. Following the completion of the transaction, the insider now owns 302,292 shares in the company, valued at approximately $36,507,804.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.
United Rentals Company Profile
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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