Baader Bank Aktiengesellschaft Invests $385,000 in United Rentals, Inc. $URI

Baader Bank Aktiengesellschaft purchased a new stake in shares of United Rentals, Inc. (NYSE:URIFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 547 shares of the construction company’s stock, valued at approximately $385,000.

Other hedge funds also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. grew its stake in shares of United Rentals by 1,358.7% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after acquiring an additional 7,663 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Rentals by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after purchasing an additional 1,846 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 1,109 shares during the period. Addenda Capital Inc. grew its position in United Rentals by 21.3% in the 4th quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock worth $13,547,000 after purchasing an additional 2,939 shares during the period. Finally, Whittier Trust Co. raised its stake in United Rentals by 2.6% during the 4th quarter. Whittier Trust Co. now owns 61,408 shares of the construction company’s stock valued at $54,782,000 after buying an additional 1,529 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals News Summary

Here are the key news stories impacting United Rentals this week:

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on United Rentals from $1,030.00 to $1,165.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their target price on United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada increased their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $1,140.00.

View Our Latest Report on United Rentals

Insider Activity

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

United Rentals Price Performance

NYSE URI opened at $1,034.28 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The stock has a market cap of $64.80 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.62 and a beta of 1.79. The company’s 50 day moving average is $1,045.86 and its two-hundred day moving average is $915.44.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.47 earnings per share. As a group, research analysts anticipate that United Rentals, Inc. will post 46.85 earnings per share for the current year.

About United Rentals

(Free Report)

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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

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