Laurion Capital Management LP grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 431.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,364 shares of the construction company’s stock after purchasing an additional 23,898 shares during the period. Laurion Capital Management LP’s holdings in United Rentals were worth $2,070,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Manhattan Co. boosted its stake in shares of United Rentals by 4,204.3% during the 2nd quarter. First Manhattan Co. now owns 990 shares of the construction company’s stock valued at $111,000 after purchasing an additional 967 shares in the last quarter. Huntington National Bank lifted its position in United Rentals by 14.2% during the 2nd quarter. Huntington National Bank now owns 1,442 shares of the construction company’s stock valued at $163,000 after acquiring an additional 179 shares during the period. Investment Centers of America Inc. purchased a new position in United Rentals during the 1st quarter valued at about $203,000. EFG Asset Management Americas Corp. purchased a new position in United Rentals during the 1st quarter valued at about $205,000. Finally, IFP Advisors Inc lifted its position in United Rentals by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,662 shares of the construction company’s stock valued at $187,000 after acquiring an additional 478 shares during the period. 93.66% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO William B. Plummer sold 5,301 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares in the company, valued at approximately $4,880,934.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
United Rentals, Inc. (URI) opened at 130.74 on Thursday. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28. The firm has a 50-day moving average of $117.55 and a 200 day moving average of $115.67. The stock has a market capitalization of $11.05 billion, a PE ratio of 18.99 and a beta of 2.42.
United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $2.06 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals, Inc. will post $9.91 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on URI. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Wednesday. ValuEngine cut shares of United Rentals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating on shares of United Rentals in a research report on Friday, July 21st. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $150.00 price target on shares of United Rentals in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. United Rentals presently has an average rating of “Buy” and a consensus target price of $127.85.
United Rentals Profile
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.
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