United Rentals, Inc. (NYSE:URI) Shares Acquired by Commerce Bank

Commerce Bank grew its holdings in United Rentals, Inc. (NYSE:URI) by 51.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,227 shares of the construction company’s stock after buying an additional 757 shares during the period. Commerce Bank’s holdings in United Rentals were worth $781,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in United Rentals by 73.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78 shares of the construction company’s stock worth $25,000 after acquiring an additional 33 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of United Rentals by 33.0% in the 3rd quarter. Global Retirement Partners LLC now owns 125 shares of the construction company’s stock valued at $44,000 after acquiring an additional 31 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of United Rentals by 105.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 140 shares of the construction company’s stock valued at $49,000 after acquiring an additional 72 shares during the last quarter. Penserra Capital Management LLC grew its stake in United Rentals by 32.8% during the 2nd quarter. Penserra Capital Management LLC now owns 235 shares of the construction company’s stock worth $74,000 after buying an additional 58 shares during the last quarter. Finally, Berman Capital Advisors LLC grew its stake in United Rentals by 17.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 286 shares of the construction company’s stock worth $90,000 after buying an additional 42 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:URI opened at $327.82 on Friday. United Rentals, Inc. has a one year low of $228.22 and a one year high of $414.99. The stock has a fifty day moving average of $349.41 and a 200-day moving average of $344.70. The company has a market capitalization of $23.73 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.74 and a current ratio of 0.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 27th. The construction company reported $6.58 EPS for the quarter, missing analysts’ consensus estimates of $6.80 by ($0.22). United Rentals had a net margin of 13.04% and a return on equity of 28.88%. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the company posted $5.40 EPS. United Rentals’s revenue was up 18.7% on a year-over-year basis. As a group, research analysts forecast that United Rentals, Inc. will post 21.86 EPS for the current fiscal year.

A number of analysts have weighed in on the company. KeyCorp increased their price objective on United Rentals from $405.00 to $455.00 and gave the stock an “overweight” rating in a research report on Friday, October 29th. Morgan Stanley raised United Rentals from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $297.00 to $395.00 in a report on Thursday, December 9th. Deutsche Bank Aktiengesellschaft dropped their price target on United Rentals from $402.00 to $384.00 and set a “hold” rating for the company in a research report on Friday, December 10th. Citigroup raised their price target on United Rentals from $400.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, November 16th. Finally, Barclays lifted their price objective on United Rentals from $290.00 to $300.00 and gave the company an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $364.70.

In other news, Director Jose B. Alvarez sold 925 shares of the stock in a transaction on Friday, October 29th. The stock was sold at an average price of $375.80, for a total value of $347,615.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

About United Rentals

United Rentals, Inc engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The firm operates through two business segments: General Rentals; and Trench, Power & Fluid Solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities.

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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).

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

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