United Rentals, Inc. (NYSE:URI) Position Decreased by New Amsterdam Partners LLC NY

New Amsterdam Partners LLC NY reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 17.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,421 shares of the construction company’s stock after selling 10,529 shares during the period. New Amsterdam Partners LLC NY owned approximately 0.06% of United Rentals worth $5,796,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Airain ltd boosted its stake in shares of United Rentals by 434.8% in the first quarter. Airain ltd now owns 47,279 shares of the construction company’s stock worth $5,912,000 after buying an additional 38,438 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in shares of United Rentals during the first quarter worth approximately $791,000. Retirement Systems of Alabama boosted its stake in shares of United Rentals by 75.4% in the first quarter. Retirement Systems of Alabama now owns 70,015 shares of the construction company’s stock worth $8,755,000 after buying an additional 30,095 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of United Rentals during the first quarter worth approximately $127,000. Finally, Columbus Circle Investors bought a new stake in shares of United Rentals during the first quarter worth approximately $8,383,000. 95.05% of the stock is owned by institutional investors.

United Rentals, Inc. (NYSE:URI) opened at 111.54 on Friday. United Rentals, Inc. has a 52-week low of $70.58 and a 52-week high of $134.28. The firm’s 50-day moving average price is $115.11 and its 200-day moving average price is $117.36. The firm has a market cap of $9.43 billion, a P/E ratio of 16.20 and a beta of 2.43.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 19th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.09. United Rentals had a return on equity of 46.01% and a net margin of 9.86%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. United Rentals’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post $9.91 EPS for the current year.

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A number of analysts recently issued reports on the company. ValuEngine cut United Rentals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating on shares of United Rentals in a research note on Friday, July 21st. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research note on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $150.00 target price on shares of United Rentals in a research note on Thursday, April 20th. Finally, Deutsche Bank AG increased their target price on United Rentals from $121.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $124.50.

In related news, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now owns 302,292 shares in the company, valued at $36,507,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

About United Rentals

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

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

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