Steward Partners Investment Advisory LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 76.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,613 shares of the construction company’s stock after selling 25,227 shares during the period. Steward Partners Investment Advisory LLC’s holdings in United Rentals were worth $1,009,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in United Rentals in the first quarter worth approximately $26,000. CNB Bank bought a new position in United Rentals in the first quarter worth approximately $28,000. Kistler Tiffany Companies LLC boosted its holdings in United Rentals by 576.9% in the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock worth $35,000 after acquiring an additional 225 shares in the last quarter. Ropes Wealth Advisors LLC bought a new position in United Rentals in the first quarter worth approximately $32,000. Finally, Thor Advisors LLC bought a new position in United Rentals in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 87.60% of the company’s stock.
Shares of URI stock traded down $2.28 during trading hours on Friday, reaching $115.57. The company had a trading volume of 1,206,982 shares, compared to its average volume of 1,771,787. United Rentals, Inc. has a 12 month low of $94.28 and a 12 month high of $173.00. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 3.08. The firm has a fifty day moving average of $127.43. The company has a market capitalization of $8.75 billion, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 0.33 and a beta of 2.65.
Several brokerages have issued reports on URI. Royal Bank of Canada set a $164.00 price target on United Rentals and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine lowered United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Morgan Stanley increased their price target on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Deutsche Bank set a $128.00 target price on United Rentals and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Northcoast Research restated a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $150.82.
In other news, Director Michael Kneeland sold 38,580 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $129.67, for a total value of $5,002,668.60. Following the transaction, the director now owns 230,444 shares in the company, valued at $29,881,673.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald C. Roof purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average cost of $118.27 per share, with a total value of $591,350.00. The disclosure for this purchase can be found here. Insiders sold 148,830 shares of company stock worth $18,711,155 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.
United Rentals Profile
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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