United Rentals, Inc. (URI) Ownership Down in Latest Report from Norges Bank


United Rentals, Inc. (NYSE:URI).

Norges Bank says it sold 36,674 shares during the last quarter decreasing its exposure to United Rentals, Inc. by 4.4%. Its position stood at $53,057,000 an increase of 3.1% as of the end of the quarter.

Here are some other firms who have updated their holdings. Todd Asset Management LLC downsized its stake by shedding 101,954 shares a decrease of 24.5% as of 06/30/2017. Todd Asset Management LLC controls 313,544 shares valued at $35,339,000. The value of the position overall is down by 32.0%. Eagle Asset Management Inc bolstered its position by buying 42,433 shares an increase of 19.3% from 03/31/2017 to 06/30/2017. Eagle Asset Management Inc now holds 261,998 shares with a value of $29,529,000. The total value of its holdings increased 7.6%.

Chicago Equity Partners LLC augmented its investment by buying 5,115 shares an increase of 2.5% in the quarter. Chicago Equity Partners LLC owns 210,830 shares worth $23,763,000. The value of the position overall is down by 7.6%.

On July 21 Deutsche Bank left the stock rating at “Hold” but raised the price expectation from $79.00 to $130.00. July 21 investment analysts at Citigroup kept the stock rating at “Buy” and raised the price expectation to $142.00 from $85.00.

On July 17 the company was set at “Outperform” according to a RBC Capital report up from the previous “Underperform” rating. November 29 investment analysts at Jefferies made no change to the stock rating of “Buy” but raised the price target to $115.00 from $70.00.

Goldman Sachs raised the price target and upgraded the stock on November 10 changing the price objective from $58.00 to $90.00 and setting the rating at “Neutral” which had previously been “Sell”. On November 10 the stock rating was upgraded from “Sell” to “Neutral” with a current price target of $90.00 by Goldman Sachs.

The company is down since yesterday’s close of $117.34. The stock last traded at $115.42 which is a tad above the 50 day moving average which is $113.61 and which is just under the 200 day moving average of $117.19. The 50 day moving average moved up $2.44 whereas the 200 day average was down by -0.97%.

The P/E ratio is currently 16.86 and the market value is 9.81B. As of the latest earnings report the EPS was $6.88 and is estimated to be $9.91 for the current year with 84,540,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $2.89 and the next full year EPS is anticipated to be $10.71.