United Rentals, Inc. $URI is Edgemoor Investment Advisors Inc.’s 6th Largest Position

Edgemoor Investment Advisors Inc. lessened its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,112 shares of the construction company’s stock after selling 787 shares during the period. United Rentals makes up 4.4% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 6th biggest position. Edgemoor Investment Advisors Inc. owned approximately 0.11% of United Rentals worth $56,743,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Gleason Group Inc. raised its holdings in shares of United Rentals by 4.3% during the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after purchasing an additional 11 shares during the last quarter. Bridgewater Advisors Inc. raised its holdings in shares of United Rentals by 1.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after purchasing an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares during the last quarter. Howard Capital Management Inc. raised its holdings in shares of United Rentals by 3.1% during the third quarter. Howard Capital Management Inc. now owns 395 shares of the construction company’s stock worth $377,000 after purchasing an additional 12 shares during the last quarter. Finally, Fearless Solutions LLC dba Best Invest raised its holdings in shares of United Rentals by 2.2% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. KeyCorp lifted their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Citigroup lifted their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Barclays lifted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $1,006.13.

Insider Buying and Selling at United Rentals

In related news, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Stock Up 0.9%

Shares of NYSE URI opened at $996.99 on Friday. The company’s 50-day simple moving average is $854.91 and its 200-day simple moving average is $845.69. United Rentals, Inc. has a 52-week low of $681.98 and a 52-week high of $1,021.47. The firm has a market cap of $62.46 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.57 and a beta of 1.83. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $8.86 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s payout ratio is presently 20.10%.

About United Rentals

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.