Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 29.0% during the 4th quarter, Holdings Channel reports. The firm owned 54,814 shares of the construction company’s stock after buying an additional 12,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Rentals were worth $9,141,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Citizens Financial Group Inc RI raised its holdings in United Rentals by 74.8% during the third quarter. Citizens Financial Group Inc RI now owns 208 shares of the construction company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in United Rentals during the second quarter worth approximately $27,000. North Star Investment Management Corp. acquired a new stake in United Rentals during the third quarter worth approximately $31,000. Allred Capital Management LLC acquired a new stake in United Rentals during the fourth quarter worth approximately $31,000. Finally, CSat Investment Advisory L.P. raised its holdings in United Rentals by 75.7% during the second quarter. CSat Investment Advisory L.P. now owns 420 shares of the construction company’s stock worth $56,000 after purchasing an additional 181 shares in the last quarter. 88.28% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Jason D. Papastavrou sold 3,036 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $150.05, for a total transaction of $455,551.80. Following the transaction, the director now directly owns 181,973 shares in the company, valued at $27,305,048.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Kneeland sold 22,999 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $151.08, for a total transaction of $3,474,688.92. Following the transaction, the director now owns 181,973 shares in the company, valued at $27,492,480.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,035 shares of company stock worth $7,149,241. Insiders own 1.00% of the company’s stock.
URI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of United Rentals from a “sell” rating to a “hold” rating and set a $119.00 price objective on the stock in a report on Friday, October 11th. Citigroup raised their price objective on shares of United Rentals from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley raised their price objective on shares of United Rentals from $170.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Deutsche Bank raised their price objective on shares of United Rentals from $111.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. Finally, Buckingham Research reissued a “buy” rating and set a $180.00 price objective (up previously from $170.00) on shares of United Rentals in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $155.78.
United Rentals 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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