Strs Ohio Sells 4,727 Shares of United Rentals, Inc. (NYSE:URI)

Strs Ohio cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.3% in the 2nd quarter, Holdings Channel reports. The firm owned 70,052 shares of the construction company’s stock after selling 4,727 shares during the period. Strs Ohio’s holdings in United Rentals were worth $9,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Icon Wealth Partners LLC acquired a new position in shares of United Rentals during the first quarter worth $26,000. CNB Bank acquired a new position in shares of United Rentals during the first quarter worth $28,000. Ropes Wealth Advisors LLC acquired a new position in shares of United Rentals during the first quarter worth $32,000. Kistler Tiffany Companies LLC increased its holdings in shares of United Rentals by 576.9% during the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock worth $35,000 after buying an additional 225 shares in the last quarter. Finally, Thor Advisors LLC acquired a new position in shares of United Rentals during the first quarter worth $40,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

NYSE URI traded down $3.04 on Friday, reaching $114.81. The company had a trading volume of 23,240 shares, compared to its average volume of 1,754,071. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.33 and a beta of 2.65. United Rentals, Inc. has a fifty-two week low of $94.28 and a fifty-two week high of $173.00. The business has a 50 day moving average price of $127.70. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 3.08.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 17th. The construction company reported $4.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.48 by $0.26. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.27 billion. United Rentals had a return on equity of 41.97% and a net margin of 12.32%. United Rentals’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.85 earnings per share. On average, equities research analysts forecast that United Rentals, Inc. will post 19.3 EPS for the current year.

In other United Rentals news, Director Jose B. Alvarez purchased 238 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was purchased at an average cost of $125.98 per share, for a total transaction of $29,983.24. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Kneeland sold 78,243 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $124.61, for a total value of $9,749,860.23. Following the sale, the director now owns 223,871 shares of the company’s stock, valued at $27,896,565.31. The disclosure for this sale can be found here. Insiders sold 148,830 shares of company stock valued at $18,711,155 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on URI shares. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the stock a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada set a $164.00 price target on shares of United Rentals and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley upped their price target on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. ValuEngine downgraded shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $150.82.

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 Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including 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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