Independent Investors Inc. Raises Holdings in United Rentals, Inc. (URI)

Independent Investors Inc. grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,550 shares of the construction company’s stock after purchasing an additional 550 shares during the period. Independent Investors Inc.’s holdings in United Rentals were worth $876,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of URI. Raymond James & Associates raised its holdings in shares of United Rentals by 36.6% during the second quarter. Raymond James & Associates now owns 63,744 shares of the construction company’s stock worth $9,410,000 after purchasing an additional 17,068 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of United Rentals by 99.7% during the second quarter. First Republic Investment Management Inc. now owns 12,373 shares of the construction company’s stock worth $1,827,000 after purchasing an additional 6,178 shares during the period. Voya Investment Management LLC raised its holdings in shares of United Rentals by 36.5% during the second quarter. Voya Investment Management LLC now owns 79,007 shares of the construction company’s stock worth $11,664,000 after purchasing an additional 21,131 shares during the period. Morgan Stanley raised its holdings in shares of United Rentals by 21.6% during the second quarter. Morgan Stanley now owns 755,594 shares of the construction company’s stock worth $111,539,000 after purchasing an additional 134,101 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of United Rentals by 113.5% during the second quarter. Cubist Systematic Strategies LLC now owns 9,968 shares of the construction company’s stock worth $1,471,000 after purchasing an additional 5,299 shares during the period. 87.51% of the stock is currently owned by institutional investors.

URI has been the subject of several recent research reports. Buckingham Research set a $190.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a research report on Tuesday, September 18th. ValuEngine lowered shares of United Rentals from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. UBS Group set a $180.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 18th. Finally, Bank of America set a $175.00 price target on shares of United Rentals and gave the stock a “buy” rating in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. United Rentals presently has a consensus rating of “Buy” and an average price target of $162.62.

United Rentals stock opened at $117.45 on Monday. The stock has a market cap of $9.61 billion, a PE ratio of 11.09, a PEG ratio of 0.34 and a beta of 2.38. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a one year low of $94.28 and a one year high of $190.74.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 17th. The construction company reported $4.74 EPS for the quarter, topping the consensus estimate of $4.56 by $0.18. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.03 billion. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.25 earnings per share. Equities research analysts predict that United Rentals, Inc. will post 16.27 EPS for the current year.

In related news, Director Jenne K. Britell bought 435 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average price of $115.07 per share, for a total transaction of $50,055.45. Following the transaction, the director now directly owns 27,497 shares of the company’s stock, valued at approximately $3,164,079.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jose B. Alvarez bought 544 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was bought at an average price of $107.45 per share, with a total value of $58,452.80. Following the transaction, the director now directly owns 2,413 shares in the company, valued at $259,276.85. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

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About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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

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