Nisa Investment Advisors LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,457 shares of the construction company’s stock after buying an additional 162 shares during the period. Nisa Investment Advisors LLC’s holdings in United Rentals were worth $3,774,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in United Rentals by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 470,588 shares of the construction company’s stock worth $53,765,000 after purchasing an additional 5,446 shares during the period. DNB Asset Management AS boosted its stake in United Rentals by 2.8% during the 2nd quarter. DNB Asset Management AS now owns 26,840 shares of the construction company’s stock worth $3,560,000 after purchasing an additional 740 shares during the period. Advisory Services Network LLC boosted its stake in United Rentals by 29.2% during the 1st quarter. Advisory Services Network LLC now owns 10,898 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 2,465 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in United Rentals by 30,911.5% during the 1st quarter. Prime Capital Investment Advisors LLC now owns 59,232 shares of the construction company’s stock worth $6,767,000 after purchasing an additional 59,041 shares during the period. Finally, First Dallas Securities Inc. acquired a new stake in United Rentals during the 1st quarter worth $443,000. 87.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE URI opened at $104.57 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08. United Rentals, Inc. has a 52 week low of $94.28 and a 52 week high of $173.00. The firm has a 50-day moving average price of $125.11 and a 200 day moving average price of $126.15. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 0.33 and a beta of 2.65.
In related news, Director Michael Kneeland sold 78,243 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $124.61, for a total value of $9,749,860.23. Following the completion of the sale, the director now owns 223,871 shares in the company, valued at $27,896,565.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose B. Alvarez acquired 238 shares of United Rentals stock in a transaction that occurred on Wednesday, July 24th. The stock was bought at an average price of $125.98 per share, with a total value of $29,983.24. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.
A number of analysts recently weighed in on the stock. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the stock a “hold” rating in a research note on Friday, July 19th. ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Macquarie set a $99.00 target price on shares of United Rentals and gave the stock a “sell” rating in a research note on Friday, July 19th. Morgan Stanley raised their target price on shares of United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Friday, June 21st. Two investment 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’s stock. The stock has an average rating of “Hold” and an average price target of $150.82.
United Rentals Company 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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