Integrated Investment Consultants LLC Trims Stock Holdings in United Rentals, Inc. (NYSE:URI)

Integrated Investment Consultants LLC trimmed its holdings in United Rentals, Inc. (NYSE:URI) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,850 shares of the construction company’s stock after selling 115 shares during the quarter. Integrated Investment Consultants LLC’s holdings in United Rentals were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Interstate Bank purchased a new stake in shares of United Rentals in the second quarter worth approximately $26,000. Prestige Wealth Management Group LLC bought a new stake in United Rentals during the 2nd quarter valued at $27,000. North Star Investment Management Corp. bought a new stake in United Rentals during the 3rd quarter valued at $31,000. Kistler Tiffany Companies LLC boosted its position in United Rentals by 576.9% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock valued at $35,000 after acquiring an additional 225 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in United Rentals during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 87.45% of the company’s stock.

Several brokerages have issued reports on URI. Morgan Stanley dropped their target price on United Rentals from $168.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Goldman Sachs Group raised United Rentals from a “neutral” rating to a “buy” rating and increased their target price for the company from $128.00 to $165.00 in a research report on Friday, September 20th. Citigroup reaffirmed a “buy” rating and set a $160.00 target price on shares of United Rentals in a research report on Wednesday, September 11th. Macquarie set a $99.00 target price on United Rentals and gave the company a “sell” rating in a research report on Friday, July 19th. Finally, UBS Group cut United Rentals from a “buy” rating to a “neutral” rating and dropped their target price for the company from $166.00 to $118.00 in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $136.40.

Shares of URI traded up $1.34 during midday trading on Tuesday, hitting $131.01. 29,154 shares of the company’s stock traded hands, compared to its average volume of 1,696,188. United Rentals, Inc. has a 1 year low of $94.28 and a 1 year high of $142.69. The firm’s fifty day moving average is $121.59 and its 200-day moving average is $123.69. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.57 and a beta of 2.66.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 16th. The construction company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.74 by $0.22. United Rentals had a return on equity of 42.89% and a net margin of 12.45%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $4.74 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals, Inc. will post 18.9 EPS for the current year.

In other news, Director Jose B. Alvarez bought 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, for a total transaction of $29,983.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Filippo Passerini bought 2,000 shares of United Rentals stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $110.37 per share, with a total value of $220,740.00. Following the purchase, the director now directly owns 8,783 shares in the company, valued at $969,379.71. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

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

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