United Rentals, Inc. (URI) Stake Lowered by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in United Rentals, Inc. (NYSE:URI) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,031 shares of the construction company’s stock after selling 1,911 shares during the period. ProShare Advisors LLC’s holdings in United Rentals were worth $2,005,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its stake in United Rentals by 286.9% in the third quarter. Great West Life Assurance Co. Can now owns 217,603 shares of the construction company’s stock valued at $17,096,000 after buying an additional 161,365 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of United Rentals by 93.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,367 shares of the construction company’s stock valued at $2,070,000 after buying an additional 12,739 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of United Rentals by 4.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 277,921 shares of the construction company’s stock valued at $21,814,000 after buying an additional 11,253 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of United Rentals by 88.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,200 shares of the construction company’s stock valued at $1,548,000 after buying an additional 9,000 shares during the period. Finally, Virginia Retirement Systems ET AL raised its stake in shares of United Rentals by 211.2% in the third quarter. Virginia Retirement Systems ET AL now owns 30,500 shares of the construction company’s stock valued at $2,394,000 after buying an additional 20,700 shares during the period. Institutional investors own 95.15% of the company’s stock.

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

Shares of United Rentals, Inc. (NYSE:URI) traded up 3.38% on Friday, reaching $110.10. 1,706,189 shares of the company were exchanged. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 16.32 and a beta of 2.49. The company’s 50-day moving average price is $115.17 and its 200 day moving average price is $112.62. United Rentals, Inc. has a 12 month low of $61.78 and a 12 month high of $134.28.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 19th. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.12. United Rentals had a net margin of 9.82% and a return on equity of 50.17%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $1.40 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that United Rentals, Inc. will post $9.67 EPS for the current year.

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Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of United Rentals from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd. Deutsche Bank AG assumed coverage on shares of United Rentals in a research report on Wednesday, April 5th. They set a “hold” rating and a $125.00 target price on the stock. Bank of America Corp upgraded shares of United Rentals from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Vetr raised shares of United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price target for the company in a report on Monday, April 24th. Finally, Axiom Securities reissued a “sell” rating on shares of United Rentals in a report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $120.16.

In other news, VP Dale A. Asplund sold 6,654 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $124.30, for a total transaction of $827,092.20. Following the completion of the sale, the vice president now owns 21,769 shares of the company’s stock, valued at approximately $2,705,886.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Singleton B. Mcallister sold 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $128.03, for a total transaction of $422,499.00. Following the sale, the director now directly owns 16,688 shares of the company’s stock, valued at approximately $2,136,564.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,571 shares of company stock valued at $3,815,643. Company insiders own 1.30% of the company’s stock.

About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

12 Month Chart for NYSE:URI

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