11,268 Shares in United Rentals, Inc. $URI Purchased by SFE Investment Counsel

SFE Investment Counsel purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, HoldingsChannel reports. The institutional investor purchased 11,268 shares of the construction company’s stock, valued at approximately $12,765,000. United Rentals accounts for 1.7% of SFE Investment Counsel’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in URI. Woodline Partners LP raised 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 worth $3,458,000 after buying an additional 1,577 shares in the last quarter. Sei Investments Co. boosted its stake in United Rentals by 24.7% in the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock valued at $20,444,000 after buying an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in United Rentals by 43.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after buying an additional 17,030 shares in the last quarter. HUB Investment Partners LLC grew its position in United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after acquiring an additional 223 shares during the period. Finally, Diversify Advisory Services LLC grew its position in United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock valued at $1,246,000 after acquiring an additional 1,277 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on URI shares. Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upped 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. Evercore reiterated an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Trading Up 3.1%

Shares of URI opened at $1,155.25 on Friday. The stock has a fifty day moving average price of $1,095.03 and a two-hundred day moving average price of $940.41. 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 $1,179.18. The company has a market cap of $71.90 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.49 and a beta of 1.80.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.47 earnings per share. Analysts predict that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

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

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.