Northwestern Mutual Investment Management Company LLC decreased its stake in United Rentals Inc. (NYSE:URI) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,377 shares of the company’s stock after selling 97 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in United Rentals were worth $227,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock worth $103,000 after buying an additional 730 shares during the period. WFG Advisors LP raised its position in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock worth $116,000 after buying an additional 77 shares during the period. Feltz Wealth PLAN Inc. acquired a new position in shares of United Rentals during the second quarter worth about $123,000. Finally, Invictus RG raised its position in shares of United Rentals by 2,900.0% in the first quarter. Invictus RG now owns 2,040 shares of the company’s stock worth $127,000 after buying an additional 1,972 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.
United Rentals Inc. (NYSE:URI) opened at 75.14 on Thursday. The company has a market capitalization of $6.47 billion, a PE ratio of 11.33 and a beta of 2.37. United Rentals Inc. has a 52 week low of $41.90 and a 52 week high of $84.63. The firm’s 50-day moving average price is $79.22 and its 200 day moving average price is $70.05.
United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.24. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. United Rentals had a return on equity of 50.82% and a net margin of 10.51%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts expect that United Rentals Inc. will post $8.05 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the stock. RBC Capital Markets reiterated a “hold” rating and issued a $80.00 price objective (up previously from $68.00) on shares of United Rentals in a report on Friday, July 22nd. Jefferies Group set a $80.00 price objective on shares of United Rentals and gave the company 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 raised their price objective on shares of United Rentals from $68.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd. Finally, Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.85.
In other United Rentals news, CFO William B. Plummer sold 15,811 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $78.74, for a total transaction 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 SEC, which can be accessed through the SEC website. Also, COO Matthew John Flannery sold 15,046 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $78.12, for a total value of $1,175,393.52. Following the sale, the chief operating officer now owns 23,663 shares in the company, valued at approximately $1,848,553.56. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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.
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals Inc. (NYSE:URI).
Receive News & Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.