United Rentals, Inc. (URI) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 294.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 349,923 shares of the construction company’s stock after buying an additional 261,100 shares during the period. Renaissance Technologies LLC’s holdings in United Rentals were worth $43,758,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in United Rentals by 160.0% in the fourth quarter. Bessemer Group Inc. now owns 1,300 shares of the construction company’s stock valued at $138,000 after buying an additional 800 shares during the period. Comerica Bank boosted its position in United Rentals by 23.1% in the fourth quarter. Comerica Bank now owns 26,031 shares of the construction company’s stock valued at $2,787,000 after buying an additional 4,886 shares during the period. Aviva PLC boosted its position in United Rentals by 3.9% in the fourth quarter. Aviva PLC now owns 50,631 shares of the construction company’s stock valued at $5,347,000 after buying an additional 1,883 shares during the period. Allianz Asset Management AG boosted its position in United Rentals by 42.4% in the fourth quarter. Allianz Asset Management AG now owns 32,298 shares of the construction company’s stock valued at $3,410,000 after buying an additional 9,610 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in United Rentals by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 27,276 shares of the construction company’s stock valued at $2,882,000 after buying an additional 1,156 shares during the period. Institutional investors own 95.13% of the company’s stock.

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

Shares of United Rentals, Inc. (NYSE URI) opened at 104.85 on Friday. The firm has a 50-day moving average price of $109.12 and a 200 day moving average price of $115.86. United Rentals, Inc. has a 12 month low of $61.78 and a 12 month high of $134.28. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 15.54 and a beta of 2.35.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 19th. The construction company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.12. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. United Rentals had a return on equity of 47.90% and a net margin of 10.04%. United Rentals’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, analysts anticipate that United Rentals, Inc. will post $9.66 EPS for the current fiscal year.

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Several research firms recently issued reports on URI. Royal Bank Of Canada reissued a “hold” rating on shares of United Rentals in a research report on Wednesday, May 24th. Vetr raised United Rentals from a “buy” rating to a “strong-buy” rating and set a $125.52 price target on the stock in a research report on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a $150.00 price target on shares of United Rentals in a research report on Friday, June 9th. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Thursday, March 16th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $120.00 price target (down from $131.00) on shares of United Rentals in a research report on Sunday, April 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $120.16.

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.

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