Pittenger & Anderson Inc. Has $637,000 Position in United Rentals, Inc. $URI

Key Points

• Pittenger & Anderson Inc. has reduced its stake in United Rentals, Inc. by 23.4%, holding 845 shares valued at $637,000 at the latest reporting period.
• Analysts have set new price targets for United Rentals, with JPMorgan Chase raising its target from $1,000 to $1,150 and multiple firms giving it an "overweight" rating.
• United Rentals reported earnings of $10.47 per share, missing estimates slightly, while showing a 4.5% year-over-year revenue growth for the quarter.

Pittenger & Anderson Inc. reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 23.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 845 shares of the construction company's stock after selling 258 shares during the period. Pittenger & Anderson Inc.'s holdings in United Rentals were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC increased its stake in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $26,000. Maseco LLP acquired a new position in shares of United Rentals during the 2nd quarter worth about $32,000. Flaharty Asset Management LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on URI shares. Argus set a $935.00 price objective on shares of United Rentals in a research note on Tuesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Sanford C. Bernstein set a $1,128.00 price objective on shares of United Rentals and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. KeyCorp boosted their price objective on shares of United Rentals from $1,075.00 to $1,120.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Finally, Baird R W upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $954.88.

United Rentals Stock Performance

Shares of URI stock opened at $1,003.76 on Wednesday. The company has a market capitalization of $64.58 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.31 and a beta of 1.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The company has a 50-day simple moving average of $955.24 and a 200 day simple moving average of $804.00. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $10.70 EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Company Profile

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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