Foundations Investment Advisors LLC Takes $238,000 Position in United Rentals, Inc. (NYSE:URI)

Foundations Investment Advisors LLC acquired a new stake in United Rentals, Inc. (NYSE:URIGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 985 shares of the construction company’s stock, valued at approximately $238,000.

Several other large investors have also modified their holdings of URI. Riverview Trust Co acquired a new stake in shares of United Rentals during the first quarter worth $25,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of United Rentals during the first quarter worth $32,000. HBC Financial Services PLLC acquired a new stake in shares of United Rentals during the first quarter worth $32,000. Psagot Value Holdings Ltd. Israel acquired a new stake in shares of United Rentals during the first quarter worth $32,000. Finally, Quent Capital LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $35,000. 90.41% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.9 %

Shares of URI stock opened at $286.04 on Monday. The stock has a market cap of $20.02 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.51 and a beta of 1.92. The business has a fifty day simple moving average of $298.79 and a 200-day simple moving average of $300.42. United Rentals, Inc. has a fifty-two week low of $230.54 and a fifty-two week high of $414.99. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 1.61.

United Rentals (NYSE:URIGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The construction company reported $7.86 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $1.29. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. United Rentals had a return on equity of 33.79% and a net margin of 16.41%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.66 EPS. On average, analysts forecast that United Rentals, Inc. will post 31.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on United Rentals from $247.00 to $312.00 in a report on Thursday, July 28th. Morgan Stanley reduced their target price on United Rentals from $368.00 to $292.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Citigroup raised their target price on United Rentals to $375.00 in a report on Tuesday, August 9th. OTR Global downgraded United Rentals to a “positive” rating in a report on Wednesday, June 22nd. Finally, KeyCorp raised their target price on United Rentals from $375.00 to $425.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $360.82.

Insider Buying and Selling

In related news, CEO Matthew John Flannery sold 19,076 shares of United Rentals stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $5,722,800.00. Following the completion of the sale, the chief executive officer now owns 86,964 shares in the company, valued at approximately $26,089,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 19,076 shares of United Rentals stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $300.00, for a total value of $5,722,800.00. Following the completion of the sale, the chief executive officer now owns 86,964 shares in the company, valued at approximately $26,089,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew B. Limoges sold 308 shares of United Rentals stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $333.24, for a total value of $102,637.92. Following the completion of the sale, the vice president now owns 2,070 shares of the company’s stock, valued at approximately $689,806.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,361 shares of company stock worth $6,142,963. 0.53% of the stock is owned by corporate insiders.

United Rentals Company Profile

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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

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