SevenOneSeven Capital Management Acquires Shares of 1,211 United Rentals, Inc. (NYSE:URI)

SevenOneSeven Capital Management acquired a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,211 shares of the construction company’s stock, valued at approximately $386,000. United Rentals makes up about 1.0% of SevenOneSeven Capital Management’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Laurion Capital Management LP acquired a new stake in shares of United Rentals during the 2nd quarter worth $419,000. Ossiam grew its holdings in shares of United Rentals by 45.9% during the 2nd quarter. Ossiam now owns 4,160 shares of the construction company’s stock worth $1,371,000 after purchasing an additional 1,309 shares in the last quarter. Covington Capital Management grew its holdings in shares of United Rentals by 3.0% during the 2nd quarter. Covington Capital Management now owns 11,193 shares of the construction company’s stock worth $3,571,000 after purchasing an additional 324 shares in the last quarter. Toroso Investments LLC acquired a new stake in shares of United Rentals during the 2nd quarter worth $227,000. Finally, QS Investors LLC grew its holdings in shares of United Rentals by 18.8% during the 2nd quarter. QS Investors LLC now owns 918 shares of the construction company’s stock worth $293,000 after purchasing an additional 145 shares in the last quarter. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of URI traded up $8.56 during mid-day trading on Thursday, hitting $348.01. The stock had a trading volume of 4,107 shares, compared to its average volume of 715,157. The firm has a market cap of $25.19 billion, a P/E ratio of 24.63, a PEG ratio of 1.02 and a beta of 2.03. The business has a fifty day moving average price of $346.10 and a 200-day moving average price of $330.57. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.85 and a quick ratio of 0.78. United Rentals, Inc. has a 52 week low of $167.25 and a 52 week high of $369.22.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 28th. The construction company reported $4.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.81 by ($0.15). The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. United Rentals had a net margin of 11.36% and a return on equity of 29.06%. During the same quarter last year, the firm posted $3.68 earnings per share. As a group, research analysts expect that United Rentals, Inc. will post 21.66 earnings per share for the current fiscal year.

Several analysts have recently issued reports on URI shares. Barclays increased their target price on United Rentals from $255.00 to $265.00 and gave the stock an “underweight” rating in a report on Wednesday, July 14th. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $335.00 to $375.00 in a research report on Friday, June 25th. KeyCorp increased their target price on United Rentals from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, September 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on United Rentals from $360.00 to $342.00 and set a “hold” rating for the company in a research note on Wednesday, July 14th. Finally, Citigroup raised United Rentals from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $323.27.

United Rentals Company Profile

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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