Triasima Portfolio Management inc. Takes $1.46 Million Position in United Rentals, Inc. $URI

Triasima Portfolio Management inc. purchased a new position in United Rentals, Inc. (NYSE:URI) during the third quarter, Holdings Channel.com reports. The firm purchased 1,532 shares of the construction company’s stock, valued at approximately $1,463,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Woodline Partners LP increased its holdings in shares of United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after purchasing an additional 1,577 shares during the period. CX Institutional boosted its holdings in shares of United Rentals by 2.5% during the second quarter. CX Institutional now owns 585 shares of the construction company’s stock worth $441,000 after purchasing an additional 14 shares during the period. Farther Finance Advisors LLC grew its position in United Rentals by 56.6% during the second quarter. Farther Finance Advisors LLC now owns 1,345 shares of the construction company’s stock valued at $1,013,000 after purchasing an additional 486 shares in the last quarter. Sowell Financial Services LLC increased its stake in United Rentals by 2.5% in the 2nd quarter. Sowell Financial Services LLC now owns 3,138 shares of the construction company’s stock valued at $2,364,000 after buying an additional 78 shares during the period. Finally, GAMMA Investing LLC lifted its position in United Rentals by 7.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,524 shares of the construction company’s stock worth $1,148,000 after buying an additional 108 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE:URI opened at $909.71 on Tuesday. The firm’s 50-day moving average is $836.59 and its 200-day moving average is $882.86. The company has a market cap of $57.88 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.92 and a beta of 1.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $1,021.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $11.80 earnings per share. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s payout ratio is presently 18.42%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group raised United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a research report on Sunday, January 4th. Barclays reduced their price target on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a report on Monday, October 20th. Citigroup raised their price objective on shares of United Rentals from $950.00 to $1,090.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. increased their price target 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $962.61.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.