Gargoyle Investment Advisor L.L.C. continued to hold its position in United Rentals Inc. (NYSE:URI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,500 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in United Rentals were worth $838,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ING Groep NV raised its position in United Rentals by 4.6% in the second quarter. ING Groep NV now owns 23,118 shares of the company’s stock valued at $1,551,000 after buying an additional 1,026 shares in the last quarter. Calamos Advisors LLC acquired a new position in United Rentals during the second quarter valued at $36,853,000. Calamos Wealth Management LLC acquired a new position in United Rentals during the second quarter valued at $233,000. American Century Companies Inc. raised its position in United Rentals by 163.4% in the second quarter. American Century Companies Inc. now owns 459,529 shares of the company’s stock valued at $30,834,000 after buying an additional 285,051 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in United Rentals by 28.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 7,704 shares of the company’s stock valued at $517,000 after buying an additional 1,705 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
Shares of United Rentals Inc. (NYSE:URI) traded up 0.29% during midday trading on Tuesday, hitting $79.16. The stock had a trading volume of 1,970,021 shares. United Rentals Inc. has a 52 week low of $41.90 and a 52 week high of $84.63. The stock’s 50-day moving average price is $79.17 and its 200 day moving average price is $70.59. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 11.94 and a beta of 2.61.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.24. United Rentals had a net margin of 10.51% and a return on equity of 50.82%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities analysts forecast that United Rentals Inc. will post $8.05 earnings per share for the current year.
Several research analysts have weighed in on the company. RBC Capital Markets reiterated a “hold” rating and set a $80.00 target price (up from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Jefferies Group set a $80.00 target price on United Rentals and gave the stock a “buy” rating in a report on Thursday, July 21st. Morgan Stanley reiterated a “buy” rating on shares of United Rentals in a report on Tuesday, June 28th. Royal Bank Of Canada lifted their target price on United Rentals from $68.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 22nd. Finally, Zacks Investment Research raised United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. United Rentals presently has an average rating of “Hold” and an average target price of $74.85.
In related news, CFO William B. Plummer sold 15,811 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $78.74, for a total value of $1,244,958.14. Following the sale, the chief financial officer now owns 73,209 shares in the company, valued at approximately $5,764,476.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Kneeland sold 20,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $76.35, for a total transaction of $1,527,000.00. Following the completion of the sale, the insider now owns 387,169 shares in the company, valued at approximately $29,560,353.15. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
About United Rentals
United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.
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