New Amsterdam Partners LLC NY reduced its stake in United Rentals, Inc. (NYSE:URI) by 17.0% during the second quarter, Holdings Channel reports. The institutional investor owned 51,421 shares of the construction company’s stock after selling 10,529 shares during the period. New Amsterdam Partners LLC NY’s holdings in United Rentals were worth $5,796,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. Cleararc Capital Inc. boosted its position in United Rentals by 0.6% in the first quarter. Cleararc Capital Inc. now owns 2,048 shares of the construction company’s stock valued at $256,000 after buying an additional 12 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in United Rentals by 0.3% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $604,000 after buying an additional 15 shares in the last quarter. HCR Wealth Advisors boosted its position in United Rentals by 2.4% in the first quarter. HCR Wealth Advisors now owns 2,260 shares of the construction company’s stock valued at $283,000 after buying an additional 54 shares in the last quarter. Whittier Trust Co. boosted its position in United Rentals by 7.2% in the first quarter. Whittier Trust Co. now owns 894 shares of the construction company’s stock valued at $112,000 after buying an additional 60 shares in the last quarter. Finally, Reliance Trust Co. of Delaware boosted its position in United Rentals by 4.2% in the second quarter. Reliance Trust Co. of Delaware now owns 1,835 shares of the construction company’s stock valued at $207,000 after buying an additional 74 shares in the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Rentals, Inc. (URI) opened at 111.54 on Friday. The company’s 50-day moving average price is $115.11 and its 200-day moving average price is $117.36. The stock has a market cap of $9.43 billion, a PE ratio of 16.20 and a beta of 2.43. United Rentals, Inc. has a one year low of $70.58 and a one year high of $134.28.

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

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A number of research analysts have recently commented on the company. ValuEngine raised United Rentals from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. UBS AG reaffirmed a “neutral” rating and set a $121.00 price target on shares of United Rentals in a research report on Sunday, April 23rd. Citigroup Inc. upped their price target on United Rentals from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 21st. BidaskClub cut United Rentals from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research cut United Rentals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. United Rentals presently has an average rating of “Buy” and an average target price of $124.50.

In related news, insider Michael Kneeland sold 30,000 shares of United Rentals 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 transaction, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

United Rentals Company Profile

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

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