Capital World Investors Acquires 30,263 Shares of United Rentals, Inc. $URI

Capital World Investors grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 2,708,877 shares of the construction company’s stock after purchasing an additional 30,263 shares during the period. Capital World Investors’ holdings in United Rentals were worth $2,192,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Gleason Group Inc. raised its holdings in shares of United Rentals by 4.3% during the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock valued at $218,000 after purchasing an additional 11 shares in the last quarter. Bridgewater Advisors Inc. raised its holdings in shares of United Rentals by 1.2% during the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after purchasing an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares in the last quarter. Fearless Solutions LLC dba Best Invest raised its holdings in United Rentals by 2.2% in the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after acquiring an additional 12 shares during the period. Finally, Legacy Financial Advisors Inc. raised its holdings in United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after acquiring an additional 12 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $1,067.62 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The firm has a market capitalization of $66.89 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.81. The company’s fifty day moving average is $885.82 and its two-hundred day moving average is $852.39. United Rentals, Inc. has a 52-week low of $682.08 and a 52-week high of $1,091.23.

United Rentals (NYSE:URI) last posted its quarterly 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). The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.86 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Insider Activity at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore restated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. KeyCorp raised their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. UBS Group raised their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their price target on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price target on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.63.

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.