Voya Investment Management LLC Has $11.66 Million Position in United Rentals, Inc. (NYSE:URI)
Voya Investment Management LLC grew its stake in United Rentals, Inc. (NYSE:URI) by 36.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,007 shares of the construction company’s stock after buying an additional 21,131 shares during the quarter. Voya Investment Management LLC owned 0.10% of United Rentals worth $11,664,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Nvwm LLC lifted its holdings in shares of United Rentals by 1,744.7% in the 2nd quarter. Nvwm LLC now owns 2,269 shares of the construction company’s stock valued at $335,000 after buying an additional 2,146 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of United Rentals by 31.9% in the 2nd quarter. Wells Fargo & Company MN now owns 318,697 shares of the construction company’s stock valued at $47,046,000 after buying an additional 77,055 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of United Rentals by 116.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,376 shares of the construction company’s stock valued at $6,403,000 after buying an additional 23,366 shares during the period. Lincoln National Corp acquired a new position in shares of United Rentals in the 1st quarter valued at about $308,000. Finally, Hexavest Inc. acquired a new position in shares of United Rentals in the 2nd quarter valued at about $30,004,000. 86.82% of the stock is owned by institutional investors and hedge funds.
Shares of United Rentals stock traded down $1.96 during mid-day trading on Friday, reaching $137.88. 2,453,596 shares of the stock traded hands, compared to its average volume of 1,311,554. United Rentals, Inc. has a fifty-two week low of $135.68 and a fifty-two week high of $190.74. The stock has a market capitalization of $13.54 billion, a P/E ratio of 13.02, a PEG ratio of 0.57 and a beta of 2.46. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.68 and a quick ratio of 0.63.
Several equities analysts have recently issued reports on the company. Bank of America set a $200.00 price objective on United Rentals and gave the company a “buy” rating in a report on Thursday, September 13th. Buckingham Research set a $190.00 price target on United Rentals and gave the stock a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research raised United Rentals from a “hold” rating to a “buy” rating and set a $189.00 price target for the company in a report on Tuesday, September 18th. Deutsche Bank set a $158.00 price target on United Rentals and gave the stock a “hold” rating in a report on Wednesday, September 5th. Finally, UBS Group set a $196.00 price target on United Rentals and gave the stock a “buy” rating in a report on Friday, July 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. United Rentals has an average rating of “Buy” and an average price target of $188.73.
In other United Rentals news, Director Donald C. Roof sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the transaction, the director now owns 12,564 shares of the company’s stock, valued at $2,107,987.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Kneeland sold 30,000 shares of the stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $155.37, for a total value of $4,661,100.00. Following the transaction, the chief executive officer now directly owns 219,925 shares of the company’s stock, valued at approximately $34,169,747.25. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
United Rentals Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power, and Pump. The General Rentals segment engages in 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; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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