Fmr LLC Has $281.51 Million Position in United Rentals, Inc. (URI)

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Fmr LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,906,989 shares of the construction company’s stock after selling 862,985 shares during the quarter. Fmr LLC owned 2.30% of United Rentals worth $281,509,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of URI. Globeflex Capital L P raised its holdings in United Rentals by 19.9% during the second quarter. Globeflex Capital L P now owns 8,056 shares of the construction company’s stock worth $1,189,000 after purchasing an additional 1,336 shares in the last quarter. Opera Trading Capital acquired a new position in shares of United Rentals in the 2nd quarter valued at $221,000. Dimensional Fund Advisors LP increased its holdings in shares of United Rentals by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 732,477 shares of the construction company’s stock valued at $108,130,000 after acquiring an additional 8,936 shares during the period. Janus Henderson Group PLC increased its holdings in shares of United Rentals by 131.1% in the 2nd quarter. Janus Henderson Group PLC now owns 995,741 shares of the construction company’s stock valued at $146,992,000 after acquiring an additional 564,954 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of United Rentals by 15.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,513 shares of the construction company’s stock valued at $1,404,000 after acquiring an additional 1,252 shares during the period. 88.65% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jose B. Alvarez acquired 544 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average cost of $107.45 per share, for a total transaction of $58,452.80. Following the transaction, the director now directly owns 2,413 shares in the company, valued at approximately $259,276.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jenne K. Britell acquired 435 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average price of $115.07 per share, for a total transaction of $50,055.45. Following the completion of the transaction, the director now owns 27,497 shares in the company, valued at $3,164,079.79. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

NYSE:URI opened at $115.62 on Wednesday. United Rentals, Inc. has a 1-year low of $106.48 and a 1-year high of $190.74. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market capitalization of $8.86 billion, a P/E ratio of 10.92, a PEG ratio of 0.38 and a beta of 2.46.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 17th. The construction company reported $4.74 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.18. United Rentals had a net margin of 21.96% and a return on equity of 39.46%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm posted $3.25 EPS. United Rentals’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts forecast that United Rentals, Inc. will post 16.17 earnings per share for the current fiscal year.

URI has been the topic of a number of recent research reports. UBS Group set a $196.00 target price on shares of United Rentals and gave the company a “buy” rating in a report on Tuesday, August 14th. Buckingham Research raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Friday, July 13th. Zacks Investment Research raised shares of United Rentals from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Monday, July 23rd. Bank of America set a $186.00 target price on shares of United Rentals and gave the company a “buy” rating in a report on Wednesday, July 18th. Finally, ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. United Rentals presently has a consensus rating of “Buy” and an average price target of $171.08.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in 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; 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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