Trading Report: Today, State of Wisconsin Investment Board Sold shares of United Rentals Inc. (URI)

Today, State of Wisconsin Investment Board Sold shares of United Rentals Inc. (URI)

State of Wisconsin Investment Board cut its stake in United Rentals Inc. (NYSE:URI) by 3.9% during the third quarter, Holdings Channel reports. The firm owned 56,570 shares of the company’s stock after selling 2,300 shares during the period. State of Wisconsin Investment Board owned about 0.07% of United Rentals worth $4,440,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of United Rentals by 15.4% in the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in shares of United Rentals by 91.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,532 shares of the company’s stock valued at $103,000 after buying an additional 730 shares during the period. WFG Advisors LP boosted its stake in shares of United Rentals by 4.6% in the second quarter. WFG Advisors LP now owns 1,735 shares of the company’s stock valued at $116,000 after buying an additional 77 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of United Rentals by 62.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,919 shares of the company’s stock valued at $129,000 after buying an additional 738 shares during the period. Finally, Tredje AP fonden boosted its stake in shares of United Rentals by 129.7% in the second quarter. Tredje AP fonden now owns 2,090 shares of the company’s stock valued at $140,000 after buying an additional 1,180 shares during the period. 93.01% of the stock is currently owned by institutional investors.

United Rentals Inc. (NYSE:URI) traded up 0.79% during trading on Friday, hitting $98.12. The company’s stock had a trading volume of 652,259 shares. The company has a 50-day moving average of $82.15 and a 200 day moving average of $75.71. The firm has a market cap of $8.26 billion, a PE ratio of 15.14 and a beta of 2.41. United Rentals Inc. has a one year low of $41.90 and a one year high of $98.12.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, October 19th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.14. The firm earned $1.51 billion during the quarter, compared to the consensus estimate of $841 million. United Rentals had a net margin of 10.10% and a return on equity of 48.98%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. On average, equities analysts forecast that United Rentals Inc. will post $8.29 earnings per share for the current year.

Several brokerages have issued reports on URI. Axiom Securities reaffirmed a “sell” rating on shares of United Rentals in a research report on Saturday. Goldman Sachs Group Inc. raised United Rentals from a “sell” rating to a “neutral” rating and increased their target price for the company from $66.00 to $90.00 in a research report on Thursday, November 10th. Deutsche Bank AG began coverage on United Rentals in a research report on Tuesday, September 6th. They set a “hold” rating and a $79.00 target price on the stock. Macquarie began coverage on United Rentals in a research report on Thursday, August 25th. They set an “underperform” rating and a $92.00 target price on the stock. Finally, Barclays PLC increased their target price on United Rentals from $81.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.64.

In related news, Director Lawrence Keith Wimbush sold 800 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $76.35, for a total transaction of $61,080.00. Following the completion of the transaction, the director now owns 5,820 shares in the company, valued at $444,357. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jenne K. Britell sold 3,200 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $93.96, for a total transaction of $300,672.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About United Rentals

United Rentals, Inc is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The general rentals includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools.

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