United Rentals, Inc. (URI) Shares Bought by State Street Corp

State Street Corp grew its position in shares of United Rentals, Inc. (NYSE:URI) by 15.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,843,162 shares of the construction company’s stock after buying an additional 763,469 shares during the quarter. State Street Corp owned 6.91% of United Rentals worth $658,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC lifted its holdings in shares of United Rentals by 4.5% during the 2nd quarter. Aviva PLC now owns 49,326 shares of the construction company’s stock valued at $5,560,000 after buying an additional 2,140 shares during the period. Atwood & Palmer Inc. bought a new position in shares of United Rentals during the 2nd quarter valued at $6,195,000. American Century Companies Inc. lifted its holdings in shares of United Rentals by 111.5% during the 2nd quarter. American Century Companies Inc. now owns 630,058 shares of the construction company’s stock valued at $71,014,000 after buying an additional 332,211 shares during the period. 1060 Capital LLC bought a new position in shares of United Rentals during the 2nd quarter valued at $29,797,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of United Rentals by 4.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock valued at $48,832,000 after buying an additional 16,701 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on URI. BidaskClub cut United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Bank of America Corporation reaffirmed a “buy” rating and issued a $145.00 target price (up from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $128.00 to $138.00 in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $133.17.

COPYRIGHT VIOLATION NOTICE: “United Rentals, Inc. (URI) Shares Bought by State Street Corp” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/united-rentals-inc-uri-shares-bought-by-state-street-corp.html.

In related news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the company’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 sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

United Rentals, Inc. (NYSE:URI) opened at 141.245 on Wednesday. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 20.518 and a beta of 2.46. The stock’s 50 day moving average price is $127.67 and its 200-day moving average price is $117.15. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $144.19.

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, topping the consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC lifted its holdings in shares of United Rentals by 4.5% during the 2nd quarter. Aviva PLC now owns 49,326 shares of the construction company’s stock valued at $5,560,000 after buying an additional 2,140 shares during the period. Atwood & Palmer Inc. bought a new position in shares of United Rentals during the 2nd quarter valued at $6,195,000. American Century Companies Inc. lifted its holdings in shares of United Rentals by 111.5% during the 2nd quarter. American Century Companies Inc. now owns 630,058 shares of the construction company’s stock valued at $71,014,000 after buying an additional 332,211 shares during the period. 1060 Capital LLC bought a new position in shares of United Rentals during the 2nd quarter valued at $29,797,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of United Rentals by 4.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 390,497 shares of the construction company’s stock valued at $48,832,000 after buying an additional 16,701 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on URI. BidaskClub cut United Rentals from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Bank of America Corporation reaffirmed a “buy” rating and issued a $145.00 target price (up from $130.00) on shares of United Rentals in a report on Thursday, July 20th. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada raised United Rentals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $128.00 to $138.00 in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $133.17.

COPYRIGHT VIOLATION NOTICE: “United Rentals, Inc. (URI) Shares Bought by State Street Corp” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/united-rentals-inc-uri-shares-bought-by-state-street-corp.html.

In related news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $128.26, for a total transaction of $679,906.26. Following the completion of the sale, the chief financial officer now owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the company’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 sale, the insider now directly owns 302,292 shares of the company’s stock, valued at approximately $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

United Rentals, Inc. (NYSE:URI) opened at 141.245 on Wednesday. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 20.518 and a beta of 2.46. The stock’s 50 day moving average price is $127.67 and its 200-day moving average price is $117.15. United Rentals, Inc. has a 12 month low of $70.58 and a 12 month high of $144.19.

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, topping the consensus estimate of $2.28 by $0.09. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post $9.95 EPS for the current year.

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.

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

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