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United Rentals (URI) Stock Declined While Fred Alger Management Decreased Holding by $32.12 Million; As American Tower New (AMT) Shares Rose, Bruni J V & Company Has Cut Stake by $981,360

United Rentals, Inc. (NYSE:URI) Logo

Bruni J V & Company decreased its stake in American Tower Corp New (AMT) by 2.3% based on its latest 2018Q3 regulatory filing with the SEC. Bruni J V & Company sold 6,768 shares as the company’s stock rose 12.80% while stock markets declined. The institutional investor held 287,405 shares of the real estate investment trusts company at the end of 2018Q3, valued at $41.76 million, down from 294,173 at the end of the previous reported quarter. Bruni J V & Company who had been investing in American Tower Corp New for a number of months, seems to be less bullish one the $71.10 billion market cap company. The stock decreased 0.28% or $0.46 during the last trading session, reaching $161.4. About 1.88M shares traded. American Tower Corporation (NYSE:AMT) has risen 15.32% since January 12, 2018 and is uptrending. It has outperformed by 15.32% the S&P500.

Fred Alger Management Inc decreased its stake in United Rentals Inc (URI) by 59.93% based on its latest 2018Q3 regulatory filing with the SEC. Fred Alger Management Inc sold 197,064 shares as the company’s stock declined 36.33% with the market. The institutional investor held 131,763 shares of the technology company at the end of 2018Q3, valued at $21.56 million, down from 328,827 at the end of the previous reported quarter. Fred Alger Management Inc who had been investing in United Rentals Inc for a number of months, seems to be less bullish one the $9.53B market cap company. The stock decreased 1.12% or $1.33 during the last trading session, reaching $117.45. About 1.36M shares traded. United Rentals, Inc. (NYSE:URI) has declined 37.27% since January 12, 2018 and is downtrending. It has underperformed by 37.27% the S&P500. Some Historical URI News: 18/04/2018 – UNITED RENTALS INC – SEES 2018 NET RENTAL CAPITAL EXPENDITURES AFTER GROSS PURCHASES OF $1.2 BILLION TO $1.35 BILLION; 08/03/2018 – UNITED RENTALS INC – BOARD APPOINTED MATTHEW FLANNERYAS PRESIDENT OF COMPANY; 18/04/2018 – UNITED RENTALS INC URI.N FY2018 REV VIEW $7.58 BLN — THOMSON REUTERS l/B/E/S; 18/04/2018 – United Rentals 1Q Rev $1.73B; 09/03/2018 – New Research Coverage Highlights Great Western, Acadia Realty Trust, lnterpace Diagnostics Group, Abercrombie & Fitch, United Rentals, and ZIOPHARM Oncology — Consolidated Revenues, Company Growth, and Expectations for 2018; 18/04/2018 – United Rentals 1Q Net $183M; 18/04/2018 – United Rentals Backs FY Adjusted EBITDA View of $3.60B-$3.75B; 03/04/2018 – EINHORN SAYS THAT HIS PORTFOLIO “SHOULD PERFORM WELL OVER TIME” DESPITE RECENT LOSSES-LETTER; 18/04/2018 – UNITED RENTALS REAFFIRMS YR FORECAST; 24/05/2018 – United Rentals and Rahal Letterman Lanigan Racing Continue Support for Veterans Through SoldierStrong and Turns for Troops

Since August 13, 2018, it had 0 insider buys, and 12 selling transactions for $60.56 million activity. $563,845 worth of stock was sold by SHARBUTT DAVID E on Wednesday, November 7. Bartlett Thomas A sold $3.30 million worth of stock. Meyer Robert Joseph JR sold 44,959 shares worth $7.03M. Puech Olivier had sold 10,747 shares worth $1.77 million on Monday, November 19. REEVE PAMELA D A also sold $1.07M worth of American Tower Corporation (NYSE:REIT) on Monday, August 13. Marshall Steven C. sold $25.59 million worth of stock.

More notable recent American Tower Corporation (NYSE:REIT) news were published by: Benzinga.com which released: “Some Challenges Ahead For REIT ETFs (NYSE:IYR) – Benzinga” on December 13, 2018, also Seekingalpha.com with their article: “Ashford Hospitality Trust: Why I Just Bought This 11.0%-Yielding Hotel REIT – Seeking Alpha” published on January 09, 2019, Seekingalpha.com published: “2 Of Our Favorite Triple Net Lease REITs For 2019 And Beyond – Seeking Alpha” on January 10, 2019. More interesting news about American Tower Corporation (NYSE:REIT) were released by: Seekingalpha.com and their article: “REITs with Sears exposure jump as ESL puts forth alternative proposal – Seeking Alpha” published on January 02, 2019 as well as Seekingalpha.com‘s news article titled: “The 3 Best Dividend Kings For 2019 – Seeking Alpha” with publication date: January 09, 2019.

Bruni J V & Company, which manages about $542.07M and $617.36M US Long portfolio, upped its stake in U S Silica Hldgs Inc (NYSE:SLCA) by 73,121 shares to 494,968 shares, valued at $9.32M in 2018Q3, according to the filing. It also increased its holding in Discovery Inc (NASDAQ:DISCK) by 28,408 shares in the quarter, for a total of 792,018 shares, and has risen its stake in Range Res Corp (NYSE:RRC).

Among 20 analysts covering American Tower Corporation (NYSE:AMT), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. American Tower Corporation had 85 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Friday, July 14. The stock has “Buy” rating by Cowen & Co on Thursday, September 21. Citigroup maintained it with “Buy” rating and $134 target in Monday, July 11 report. The firm earned “Overweight” rating on Wednesday, October 31 by Barclays Capital. The firm earned “Overweight” rating on Wednesday, October 7 by JP Morgan. The rating was maintained by Jefferies on Monday, September 11 with “Buy”. The firm has “Buy” rating given on Tuesday, August 8 by Oppenheimer. The firm has “Outperform” rating by Macquarie Research given on Monday, November 9. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, April 28. The rating was downgraded by Evercore on Tuesday, April 19 to “Hold”.

Investors sentiment decreased to 1.11 in 2018 Q3. Its down 0.03, from 1.14 in 2018Q2. It worsened, as 30 investors sold AMT shares while 305 reduced holdings. 91 funds opened positions while 280 raised stakes. 390.23 million shares or 0.79% less from 393.35 million shares in 2018Q2 were reported. Partnervest Advisory Limited Liability Company accumulated 1,847 shares. Torray Ltd Llc holds 2.12% of its portfolio in American Tower Corporation (NYSE:REIT) for 146,150 shares. Goldman Sachs stated it has 5.86M shares. Winfield holds 8,725 shares or 0.63% of its portfolio. Tarbox Family Office Inc owns 223 shares. Pettyjohn Wood & White holds 0.51% of its portfolio in American Tower Corporation (NYSE:REIT) for 10,831 shares. East Coast Asset Mngmt Ltd Liability Company holds 0.59% or 15,582 shares. Calamos Wealth Mngmt Limited Liability Company holds 0.11% in American Tower Corporation (NYSE:REIT) or 6,120 shares. Federated Inc Pa holds 415,826 shares. First Allied Advisory Svcs Inc accumulated 2,026 shares. Kistler reported 0.02% stake. Amica Pension Fund Board Of Trustees holds 36,378 shares or 0.69% of its portfolio. Lpl Fincl Limited Liability Corp stated it has 47,464 shares or 0.02% of all its holdings. Atwood Palmer accumulated 400 shares or 0.01% of the stock. Guardian Life Of America invested 0.03% in American Tower Corporation (NYSE:REIT).

Investors sentiment increased to 1.1 in 2018 Q3. Its up 0.08, from 1.02 in 2018Q2. It is positive, as 49 investors sold URI shares while 193 reduced holdings. 93 funds opened positions while 172 raised stakes. 67.28 million shares or 2.31% less from 68.87 million shares in 2018Q2 were reported. Numerixs Technology holds 14,220 shares. Schroder Inv Mngmt owns 176,256 shares. Keybank National Association Oh invested in 9,304 shares or 0.01% of the stock. Private Advisor Group Ltd Liability Corporation has 5,502 shares for 0.02% of their portfolio. First Tru Advisors Limited Partnership reported 193,910 shares stake. Trexquant LP owns 44,767 shares. Employees Retirement Of Texas stated it has 10,000 shares. Amalgamated Fincl Bank stated it has 12,560 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corp reported 97,100 shares. Franklin Res reported 17,517 shares or 0% of all its holdings. 74,929 are owned by Natixis Advsr Limited Partnership. Affinity Invest Advsrs Ltd Liability invested 1.66% of its portfolio in United Rentals, Inc. (NYSE:URI). Lee Danner And Bass owns 27,502 shares for 0.45% of their portfolio. Moreover, Riverhead Cap Mgmt Ltd Com has 0.52% invested in United Rentals, Inc. (NYSE:URI) for 88,445 shares. Bank & Trust Of Nova Scotia holds 0.01% in United Rentals, Inc. (NYSE:URI) or 16,892 shares.

Among 24 analysts covering United Rentals Inc. (NYSE:URI), 11 have Buy rating, 3 Sell and 10 Hold. Therefore 46% are positive. United Rentals Inc. had 89 analyst reports since July 21, 2015 according to SRatingsIntel. Bank of America maintained United Rentals, Inc. (NYSE:URI) rating on Thursday, May 3. Bank of America has “Buy” rating and $186 target. As per Tuesday, August 4, the company rating was upgraded by Evercore. The firm has “Hold” rating given on Thursday, September 3 by Vetr. The stock of United Rentals, Inc. (NYSE:URI) has “Buy” rating given on Monday, April 4 by Jefferies. The stock has “Buy” rating by Bank of America on Thursday, September 13. The firm earned “Sell” rating on Friday, October 14 by UBS. The company was upgraded on Friday, June 22 by UBS. The company was maintained on Thursday, August 17 by Jefferies. The rating was maintained by Oppenheimer with “Hold” on Thursday, August 17. The firm earned “Buy” rating on Friday, January 15 by Longbow.

More notable recent United Rentals, Inc. (NYSE:URI) news were published by: Seekingalpha.com which released: “What’s Going On With United Rentals? – Seeking Alpha” on October 29, 2018, also Benzinga.com with their article: “United Rentals, Inc. (NYSE:URI) – Q3 Earnings Preview For United Rentals – Benzinga” published on October 17, 2018, Seekingalpha.com published: “Post-earnings take on United Rentals – Seeking Alpha” on July 19, 2018. More interesting news about United Rentals, Inc. (NYSE:URI) were released by: Seekingalpha.com and their article: “United Rentals: What Is Going On? – Seeking Alpha” published on October 22, 2018 as well as Seekingalpha.com‘s news article titled: “URI provides guidance, resumes buyback program; shares +3.1% – Seeking Alpha” with publication date: December 11, 2018.

Analysts await United Rentals, Inc. (NYSE:URI) to report earnings on January, 23. They expect $4.77 EPS, up 42.81% or $1.43 from last year’s $3.34 per share. URI’s profit will be $386.84M for 6.16 P/E if the $4.77 EPS becomes a reality. After $4.74 actual EPS reported by United Rentals, Inc. for the previous quarter, Wall Street now forecasts 0.63% EPS growth.

Fred Alger Management Inc, which manages about $21.12 billion and $26.63B US Long portfolio, upped its stake in Tesaro Inc (NASDAQ:TSRO) by 62,639 shares to 140,509 shares, valued at $5.48M in 2018Q3, according to the filing. It also increased its holding in Cbs Corp. New Class B (NYSE:CBS) by 286,115 shares in the quarter, for a total of 286,917 shares, and has risen its stake in Xylem Inc (NYSE:XYL).

United Rentals, Inc. (NYSE:URI) Institutional Positions Chart

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