United Rentals, Inc. $URI Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,292 shares of the construction company’s stock after buying an additional 693 shares during the quarter. Wealthfront Advisers LLC’s holdings in United Rentals were worth $6,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its position in United Rentals by 1.1% in the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after acquiring an additional 30,263 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of United Rentals by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after purchasing an additional 28,895 shares in the last quarter. Norges Bank acquired a new position in shares of United Rentals during the 4th quarter worth $978,017,000. Boston Partners grew its stake in shares of United Rentals by 4.0% during the 4th quarter. Boston Partners now owns 774,347 shares of the construction company’s stock worth $631,459,000 after purchasing an additional 29,675 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of United Rentals by 0.9% in the 3rd quarter. Invesco Ltd. now owns 649,608 shares of the construction company’s stock valued at $620,155,000 after purchasing an additional 5,497 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 2.6%

NYSE:URI opened at $1,043.73 on Friday. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,143.69. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $1,041.31 and a 200-day simple moving average of $910.42. The company has a market capitalization of $65.39 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.79.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company posted $8.86 earnings per share. United Rentals’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 46.85 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 20.10%.

Insider Buying and Selling at United Rentals

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the transaction, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on URI shares. Bank of America raised their price objective on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Citigroup increased their target price on shares of United Rentals from $1,210.00 to $1,270.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Evercore reiterated an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a research report on Monday, May 11th. Finally, BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target on the stock in a research note on Monday, June 29th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,140.00.

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.