Osborne Partners Capital Management LLC Invests $6.39 Million in United Rentals, Inc. $URI

Osborne Partners Capital Management LLC acquired a new position in United Rentals, Inc. (NYSE:URI) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,768 shares of the construction company’s stock, valued at approximately $6,388,000.

Other hedge funds have also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. raised its stake in United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after acquiring an additional 7,663 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of United Rentals by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock worth $126,362,000 after purchasing an additional 28,604 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of United Rentals by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after purchasing an additional 1,846 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of United Rentals by 1.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after purchasing an additional 5,115 shares during the period. Finally, Addenda Capital Inc. increased its holdings in shares of United Rentals by 21.3% during the fourth quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock valued at $13,547,000 after purchasing an additional 2,939 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of the 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 approximately $5,479,732.62. This represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

URI has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. KeyCorp raised their target price on shares of United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a research report on Wednesday, June 10th. Barclays upped their price target on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Finally, UBS Group increased their price objective on shares of United Rentals from $1,145.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $1,119.69.

United Rentals Stock Up 0.2%

URI opened at $1,100.43 on Friday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The stock’s fifty day moving average is $1,018.24 and its 200-day moving average is $892.34. The company has a market capitalization of $68.94 billion, a PE ratio of 28.07, a P/E/G ratio of 1.76 and a beta of 1.79.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.86 EPS. On average, equities analysts predict that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. 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.