Nomura Holdings Inc. cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 62.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,208 shares of the construction company’s stock after selling 35,682 shares during the quarter. Nomura Holdings Inc.’s holdings in United Rentals were worth $3,131,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of United Rentals by 1,190.0% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 645 shares of the construction company’s stock worth $111,000 after acquiring an additional 595 shares during the last quarter. Wagner Bowman Management Corp purchased a new stake in United Rentals during the 2nd quarter worth approximately $206,000. Opera Trading Capital purchased a new stake in United Rentals during the 2nd quarter worth approximately $221,000. First Citizens Bank & Trust Co. purchased a new stake in United Rentals during the 2nd quarter worth approximately $223,000. Finally, First American Trust FSB purchased a new stake in United Rentals during the 2nd quarter worth approximately $225,000. Institutional investors own 86.82% of the company’s stock.

NYSE:URI traded down $1.96 during trading hours on Friday, reaching $137.88. 2,453,596 shares of the company’s stock were exchanged, compared to its average volume of 1,311,554. United Rentals, Inc. has a 1-year low of $135.68 and a 1-year high of $190.74. The stock has a market cap of $13.54 billion, a P/E ratio of 13.02, a P/E/G 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.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 18th. The construction company reported $3.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.45 by $0.40. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.85 billion. United Rentals had a net margin of 21.18% and a return on equity of 39.28%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $2.37 EPS. Sell-side analysts expect that United Rentals, Inc. will post 16.1 EPS for the current fiscal year.

In other news, Director Donald C. Roof sold 5,000 shares of United Rentals stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $167.78, for a total transaction of $838,900.00. Following the completion of the sale, the director now directly owns 12,564 shares in the company, valued at $2,107,987.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Kneeland sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $155.37, for a total transaction of $4,661,100.00. Following the completion of the sale, the chief executive officer now directly owns 219,925 shares in the company, valued at $34,169,747.25. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

URI has been the topic of several recent research reports. Zacks Investment Research downgraded shares of United Rentals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 19th. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $196.00 price objective on the stock in a research report on Friday, June 22nd. Buckingham Research raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Friday, July 13th. Bank of America set a $186.00 target price on shares of United Rentals and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Deutsche Bank set a $158.00 target price on shares of United Rentals and gave the company a “hold” rating in a research report on Wednesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $188.73.

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

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