United Rentals, Inc. $URI Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in shares of United Rentals, Inc. (NYSE:URI) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,457 shares of the construction company’s stock after selling 140 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Rentals were worth $5,618,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in United Rentals by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company’s stock valued at $4,651,390,000 after buying an additional 29,501 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in United Rentals by 98.1% during the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company’s stock valued at $685,488,000 after buying an additional 541,579 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of United Rentals by 28.8% in the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of United Rentals by 6.4% in the second quarter. Nordea Investment Management AB now owns 749,276 shares of the construction company’s stock worth $565,374,000 after purchasing an additional 44,854 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of United Rentals by 22.3% in the first quarter. Goldman Sachs Group Inc. now owns 661,251 shares of the construction company’s stock worth $414,406,000 after purchasing an additional 120,449 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.3%

NYSE:URI opened at $1,003.76 on Wednesday. The stock’s 50 day moving average price is $955.24 and its 200 day moving average price is $804.00. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a market capitalization of $64.58 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.31 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the prior year, the company posted $10.70 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of United Rentals from $780.00 to $835.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Robert W. Baird raised shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of United Rentals from $702.00 to $955.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $954.88.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.