1,347 Shares in United Rentals, Inc. $URI Purchased by BankChampaign National Association

BankChampaign National Association bought a new stake in United Rentals, Inc. (NYSE:URI) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,347 shares of the construction company’s stock, valued at approximately $981,000. United Rentals comprises approximately 1.0% of BankChampaign National Association’s holdings, making the stock its 29th largest position.

A number of other hedge funds also recently modified their holdings of the stock. Core Wealth Advisors LLC bought a new stake in shares of United Rentals during the 4th quarter valued at $28,000. MV Capital Management Inc. bought a new stake in United Rentals during the 4th quarter worth approximately $28,000. Laurel Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $32,000. Fortitude Family Office LLC grew its position in shares of United Rentals by 121.1% during the 4th quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of United Rentals in the fourth quarter worth $34,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Bank of America raised their price target on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $1,226.50.

United Rentals Stock Up 1.3%

Shares of United Rentals stock opened at $1,069.23 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,177.67. The company’s 50 day moving average price is $1,064.93 and its 200-day moving average price is $924.30. The stock has a market capitalization of $66.55 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.37 and a beta of 1.79.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business posted $10.47 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 48.35 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is 18.92%.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by insiders.

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.