Regents Gate Capital LLP Has $12.63 Million Holdings in United Rentals, Inc. $URI

Regents Gate Capital LLP boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 151.3% during the 4th quarter, Holdings Channel reports. The fund owned 15,602 shares of the construction company’s stock after buying an additional 9,393 shares during the period. United Rentals comprises about 4.0% of Regents Gate Capital LLP’s portfolio, making the stock its 10th largest position. Regents Gate Capital LLP’s holdings in United Rentals were worth $12,627,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in URI. Norges Bank bought a new position in shares of United Rentals during the fourth quarter valued at approximately $978,017,000. Capital International Investors lifted its holdings in United Rentals by 22.8% during the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after buying an additional 631,484 shares during the period. TD Asset Management Inc boosted its position in United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after acquiring an additional 193,416 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in United Rentals by 3,459.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after acquiring an additional 191,162 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of United Rentals by 6.7% in the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after acquiring an additional 168,685 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on URI. Robert W. Baird boosted their price target on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research note on Friday, April 24th. Citigroup increased their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Evercore reiterated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Finally, Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last quarter. Insiders own 0.47% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $1,067.20 on Friday. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.67 and a beta of 1.81. 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 50-day simple moving average is $913.55 and its 200-day simple moving average is $860.73. United Rentals, Inc. has a fifty-two week low of $682.08 and a fifty-two week high of $1,106.88.

United Rentals (NYSE:URI) last released 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). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the firm posted $8.86 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that United Rentals, Inc. will post 47.14 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s payout ratio is 20.10%.

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.