Neuberger Berman Group LLC lowered its position in United Rentals, Inc. (NYSE:URI) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,290 shares of the construction company’s stock after selling 14,900 shares during the quarter. Neuberger Berman Group LLC’s holdings in United Rentals were worth $140,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB bought a new position in United Rentals during the second quarter valued at approximately $2,896,000. Nuveen Asset Management LLC grew its position in United Rentals by 36.9% in the second quarter. Nuveen Asset Management LLC now owns 350,236 shares of the construction company’s stock worth $52,199,000 after acquiring an additional 94,427 shares in the last quarter. Laidlaw Wealth Management LLC acquired a new position in shares of United Rentals during the 2nd quarter worth $296,000. AQR Capital Management LLC increased its stake in shares of United Rentals by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 141,315 shares of the construction company’s stock worth $20,703,000 after purchasing an additional 18,567 shares during the last quarter. Finally, Northern Oak Wealth Management Inc. increased its stake in shares of United Rentals by 33.0% during the 2nd quarter. Northern Oak Wealth Management Inc. now owns 3,000 shares of the construction company’s stock worth $447,000 after purchasing an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

URI traded up $5.08 during trading on Wednesday, reaching $181.64. 35,436 shares of the company’s stock were exchanged, compared to its average volume of 1,394,194. United Rentals, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $186.78. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 2.46. The business has a 50 day moving average price of $173.43 and a 200 day moving average price of $137.39. The company has a market capitalization of $12.73 billion, a P/E ratio of 11.91, a PEG ratio of 0.95 and a beta of 2.38.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $1.75. United Rentals had a net margin of 12.37% and a return on equity of 37.16%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm earned $4.74 EPS. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. As a group, research analysts forecast that United Rentals, Inc. will post 15.26 EPS for the current year.

Several analysts have recently issued reports on URI shares. Robert W. Baird began coverage on United Rentals in a research note on Monday, June 8th. They set an “outperform” rating and a $185.00 price target for the company. TheStreet upgraded shares of United Rentals from a “c+” rating to a “b-” rating in a research note on Wednesday, June 3rd. Goldman Sachs Group downgraded shares of United Rentals from a “conviction-buy” rating to a “buy” rating and set a $165.00 price objective for the company. in a report on Thursday, June 4th. UBS Group downgraded shares of United Rentals from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $168.00 to $186.00 in a report on Tuesday, September 8th. Finally, Citigroup raised their price target on United Rentals from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $152.93.

In other United Rentals news, Director Donald C. Roof sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $176.07, for a total transaction of $2,641,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

United Rentals Company 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.

See Also: Investing in Blue-Chip Stocks

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI).

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

Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.