37,092 Shares in United Rentals, Inc. $URI Bought by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,092 shares of the construction company’s stock, valued at approximately $42,021,000. Caisse de depot et placement du Quebec owned 0.06% of United Rentals as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in URI. BlackRock Inc. acquired a new stake in United Rentals in the 2nd quarter worth about $5,816,326,000. Capital World Investors increased its stake in United Rentals by 1.1% during the 4th quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after buying an additional 30,263 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of United Rentals by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock valued at $1,087,711,000 after acquiring an additional 28,895 shares during the last quarter. Norges Bank acquired a new position in shares of United Rentals during the fourth quarter valued at approximately $978,017,000. Finally, Bank of America Corp DE lifted its position in shares of United Rentals by 14.7% in the first quarter. Bank of America Corp DE now owns 806,380 shares of the construction company’s stock valued at $587,496,000 after acquiring an additional 103,371 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on URI. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research note on Friday, July 24th. Evercore restated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Wells Fargo & Company lifted their target price on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, BNP Paribas Exane raised shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen 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 currently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Price Performance

URI stock opened at $1,038.12 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The business has a 50 day simple moving average of $1,098.25 and a 200-day simple moving average of $956.65. The firm has a market capitalization of $64.61 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.80. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18.

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 the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the firm earned $10.47 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.92%.

United Rentals Company 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.