Columbia Trust Co 01012016 Sells 323 Shares of United Rentals, Inc. (NYSE:URI)

Columbia Trust Co 01012016 lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,575 shares of the construction company’s stock after selling 323 shares during the quarter. Columbia Trust Co 01012016’s holdings in United Rentals were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its position in United Rentals by 6.7% during the second quarter. LPL Financial LLC now owns 86,956 shares of the construction company’s stock valued at $27,740,000 after purchasing an additional 5,464 shares during the last quarter. AQR Capital Management LLC lifted its position in United Rentals by 48.2% during the second quarter. AQR Capital Management LLC now owns 185,270 shares of the construction company’s stock valued at $58,725,000 after purchasing an additional 60,270 shares during the last quarter. Sei Investments Co. lifted its position in United Rentals by 25.8% during the second quarter. Sei Investments Co. now owns 3,500 shares of the construction company’s stock valued at $1,120,000 after purchasing an additional 718 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new position in United Rentals during the second quarter valued at $4,147,000. Finally, Hanseatic Management Services Inc. raised its stake in shares of United Rentals by 29.4% in the second quarter. Hanseatic Management Services Inc. now owns 277 shares of the construction company’s stock valued at $88,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

URI stock opened at $373.89 on Thursday. The company has a market capitalization of $27.07 billion, a PE ratio of 22.61, a P/E/G ratio of 1.06 and a beta of 1.95. United Rentals, Inc. has a 12 month low of $217.39 and a 12 month high of $414.99. The firm’s 50-day moving average is $363.58 and its 200 day moving average is $340.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 27th. The construction company reported $6.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.80 by ($0.22). The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.58 billion. United Rentals had a return on equity of 28.88% and a net margin of 13.04%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.40 EPS. Sell-side analysts forecast that United Rentals, Inc. will post 21.96 EPS for the current fiscal year.

In other United Rentals news, Director Jose B. Alvarez sold 925 shares of the stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $375.80, for a total transaction of $347,615.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of United Rentals from $275.00 to $297.00 and gave the company an “underweight” rating in a research note on Monday, November 1st. KeyCorp increased their target price on shares of United Rentals from $405.00 to $455.00 and gave the company an “overweight” rating in a research note on Friday, October 29th. Finally, Citigroup increased their target price on shares of United Rentals from $400.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, November 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $352.30.

About United Rentals

United Rentals, Inc engages in the equipment rental business. It offers rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and government entities. The firm operates through two business segments: General Rentals; and Trench, Power & Fluid Solutions. The General Rentals segment engages in the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities.

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

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