180 Wealth Advisors LLC grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,804 shares of the construction company’s stock after acquiring an additional 411 shares during the period. 180 Wealth Advisors LLC’s holdings in United Rentals were worth $806,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in URI. First Interstate Bank bought a new position in shares of United Rentals during the 2nd quarter valued at approximately $26,000. Prestige Wealth Management Group LLC bought a new position in United Rentals in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. bought a new position in United Rentals in the 3rd quarter worth approximately $31,000. Kistler Tiffany Companies LLC boosted its holdings in United Rentals by 576.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock worth $35,000 after buying an additional 225 shares during the period. Finally, First Mercantile Trust Co. bought a new position in United Rentals in the 2nd quarter worth approximately $46,000. 87.45% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Filippo Passerini bought 2,000 shares of the stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $110.37 per share, for a total transaction of $220,740.00. Following the purchase, the director now directly owns 8,783 shares of the company’s stock, valued at approximately $969,379.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.
United Rentals (NYSE:URI) last posted its earnings results on Wednesday, October 16th. The construction company reported $5.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.74 by $0.22. United Rentals had a net margin of 12.45% and a return on equity of 42.89%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company posted $4.74 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that United Rentals, Inc. will post 18.9 EPS for the current year.
URI has been the subject of several analyst reports. UBS Group downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $166.00 to $118.00 in a report on Tuesday, October 8th. Goldman Sachs Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $128.00 to $165.00 in a report on Friday, September 20th. ValuEngine downgraded shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Saturday. Deutsche Bank set a $128.00 price objective on shares of United Rentals and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada set a $150.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. United Rentals has a consensus rating of “Hold” and a consensus target price of $136.40.
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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