Wiley BROS. Aintree Capital LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,005 shares of the construction company’s stock after buying an additional 275 shares during the period. United Rentals comprises about 1.0% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Wiley BROS. Aintree Capital LLC’s holdings in United Rentals were worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of URI. Ranch Capital Advisors Inc. raised its position in United Rentals by 1.5% during the fourth quarter. Ranch Capital Advisors Inc. now owns 1,666 shares of the construction company’s stock valued at $592,000 after acquiring an additional 25 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of United Rentals by 44.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 84 shares of the construction company’s stock valued at $30,000 after purchasing an additional 26 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of United Rentals by 8.1% during the 4th quarter. Penserra Capital Management LLC now owns 373 shares of the construction company’s stock valued at $132,000 after purchasing an additional 28 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of United Rentals by 44.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 97 shares of the construction company’s stock valued at $38,000 after purchasing an additional 30 shares during the last quarter. Finally, ETF Managers Group LLC boosted its holdings in United Rentals by 1.5% in the first quarter. ETF Managers Group LLC now owns 2,031 shares of the construction company’s stock worth $804,000 after purchasing an additional 30 shares in the last quarter. 89.03% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
URI has been the subject of a number of analyst reports. Citigroup boosted their price target on United Rentals from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Wells Fargo & Company boosted their target price on United Rentals from $490.00 to $495.00 in a report on Friday, July 28th. StockNews.com assumed coverage on United Rentals in a report on Thursday, August 17th. They set a “hold” rating on the stock. KeyCorp boosted their price objective on shares of United Rentals from $520.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Finally, Argus raised their target price on shares of United Rentals from $425.00 to $460.00 in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $455.25.
Insider Activity at United Rentals
In other United Rentals news, COO Dale A. Asplund sold 14,157 shares of United Rentals stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $475.27, for a total transaction of $6,728,397.39. Following the sale, the chief operating officer now owns 6,379 shares in the company, valued at $3,031,747.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.
United Rentals Stock Performance
NYSE URI traded up $6.51 during midday trading on Thursday, hitting $453.85. The company had a trading volume of 119,656 shares, compared to its average volume of 850,872. The firm has a fifty day simple moving average of $461.81 and a two-hundred day simple moving average of $412.55. United Rentals, Inc. has a fifty-two week low of $256.23 and a fifty-two week high of $492.33. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market cap of $30.99 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 0.72 and a beta of 1.88.
United Rentals (NYSE:URI – Get Free Report) last released its earnings results on Wednesday, July 26th. The construction company reported $9.88 earnings per share for the quarter, topping analysts’ consensus estimates of $9.23 by $0.65. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. United Rentals had a return on equity of 36.67% and a net margin of 17.34%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the business earned $7.86 earnings per share. Equities analysts forecast that United Rentals, Inc. will post 40.6 earnings per share for the current fiscal year.
United Rentals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, August 8th. United Rentals’s dividend payout ratio is presently 18.02%.
United Rentals Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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