Gilman Hill Asset Management LLC Raises Stock Holdings in United Rentals, Inc. (NYSE:URI)

Gilman Hill Asset Management LLC increased its stake in shares of United Rentals, Inc. (NYSE:URIGet Rating) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,257 shares of the construction company’s stock after purchasing an additional 450 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in United Rentals were worth $2,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of URI. Patriot Financial Group Insurance Agency LLC increased its position in United Rentals by 42.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 90 shares of the construction company’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Clarius Group LLC increased its position in United Rentals by 2.4% during the 4th quarter. Clarius Group LLC now owns 1,331 shares of the construction company’s stock valued at $442,000 after buying an additional 31 shares in the last quarter. Csenge Advisory Group increased its position in United Rentals by 3.5% during the 4th quarter. Csenge Advisory Group now owns 916 shares of the construction company’s stock valued at $294,000 after buying an additional 31 shares in the last quarter. Kingsview Wealth Management LLC increased its position in United Rentals by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 813 shares of the construction company’s stock valued at $285,000 after buying an additional 32 shares in the last quarter. Finally, WD Rutherford LLC increased its position in United Rentals by 2.0% during the 4th quarter. WD Rutherford LLC now owns 1,750 shares of the construction company’s stock valued at $582,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.

Several research analysts recently issued reports on the company. OTR Global lowered United Rentals to a “positive” rating in a research report on Wednesday. StockNews.com raised United Rentals from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company assumed coverage on United Rentals in a research report on Friday, March 11th. They set an “overweight” rating and a $425.00 target price on the stock. UBS Group cut their price objective on United Rentals to $400.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on United Rentals from $421.00 to $396.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $384.55.

United Rentals stock traded down $1.38 during midday trading on Thursday, hitting $239.97. 8,039 shares of the company were exchanged, compared to its average volume of 712,206. United Rentals, Inc. has a fifty-two week low of $233.17 and a fifty-two week high of $414.99. The firm has a market capitalization of $17.18 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.81. The business has a fifty day simple moving average of $293.46 and a two-hundred day simple moving average of $316.84. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.71 and a current ratio of 0.77.

United Rentals (NYSE:URIGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The construction company reported $5.73 EPS for the quarter, topping analysts’ consensus estimates of $5.28 by $0.45. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.44 billion. United Rentals had a net margin of 15.22% and a return on equity of 31.29%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $3.45 EPS. As a group, equities analysts expect that United Rentals, Inc. will post 29.79 earnings per share for the current year.

In other news, COO Dale A. Asplund sold 6,575 shares of United Rentals stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $318.58, for a total transaction of $2,094,663.50. Following the completion of the transaction, the chief operating officer now directly owns 26,666 shares of the company’s stock, valued at approximately $8,495,254.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Shiv Singh bought 173 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were purchased at an average cost of $288.65 per share, with a total value of $49,936.45. Following the completion of the acquisition, the director now owns 6,993 shares in the company, valued at $2,018,529.45. The disclosure for this purchase can be found here. 0.53% of the stock is owned by insiders.

About United Rentals (Get Rating)

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.

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

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