Quadrant Capital Group LLC Lowers Stake in United Rentals, Inc. (NYSE:URI)

Quadrant Capital Group LLC reduced its holdings in shares of United Rentals, Inc. (NYSE:URI) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447 shares of the construction company’s stock after selling 26 shares during the period. Quadrant Capital Group LLC’s holdings in United Rentals were worth $199,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of URI. Healthcare of Ontario Pension Plan Trust Fund lifted its position in United Rentals by 7,691.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,506 shares of the construction company’s stock valued at $1,245,000 after acquiring an additional 3,461 shares during the period. Raymond James Trust N.A. raised its holdings in United Rentals by 14.6% in the first quarter. Raymond James Trust N.A. now owns 2,296 shares of the construction company’s stock worth $815,000 after buying an additional 293 shares during the last quarter. Cibc World Market Inc. raised its holdings in United Rentals by 16.8% in the first quarter. Cibc World Market Inc. now owns 7,941 shares of the construction company’s stock worth $2,821,000 after buying an additional 1,140 shares during the last quarter. Sei Investments Co. raised its holdings in United Rentals by 50.1% in the first quarter. Sei Investments Co. now owns 1,914 shares of the construction company’s stock worth $678,000 after buying an additional 639 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of United Rentals in the first quarter worth approximately $560,000. 89.03% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 1.4 %

URI stock opened at $480.98 on Monday. The firm’s fifty day simple moving average is $438.48 and its two-hundred day simple moving average is $426.64. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $32.60 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.82. United Rentals, Inc. has a twelve month low of $325.15 and a twelve month high of $492.33.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $11.73 EPS for the quarter, topping analysts’ consensus estimates of $11.32 by $0.41. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.69 billion. United Rentals had a net margin of 17.15% and a return on equity of 37.00%. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the prior year, the business posted $9.27 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 40.9 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, November 7th. United Rentals’s payout ratio is presently 17.16%.

Insider Transactions at United Rentals

In other news, COO Dale A. Asplund sold 14,157 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $475.27, for a total value of $6,728,397.39. Following the transaction, the chief operating officer now directly owns 6,379 shares in the company, valued at $3,031,747.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on URI shares. StockNews.com started coverage on shares of United Rentals in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Credit Suisse Group boosted their target price on shares of United Rentals from $482.00 to $521.00 in a research report on Friday, July 28th. Barclays boosted their target price on shares of United Rentals from $315.00 to $325.00 and gave the company an “underweight” rating in a research report on Monday, July 31st. KeyCorp lifted their price target on shares of United Rentals from $520.00 to $525.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, Wells Fargo & Company lifted their price target on shares of United Rentals from $490.00 to $495.00 in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, United Rentals currently has an average rating of “Hold” and an average price target of $455.25.

About United Rentals

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.