575 Shares in United Rentals, Inc. $URI Bought by Philadelphia Investment Partners LLC

Philadelphia Investment Partners LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 575 shares of the construction company’s stock, valued at approximately $644,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SFE Investment Counsel acquired a new position in shares of United Rentals during the second quarter valued at about $12,765,000. Eventide Asset Management LLC grew its position in United Rentals by 19.6% during the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock worth $77,666,000 after buying an additional 15,696 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in United Rentals by 52.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock valued at $2,623,000 after acquiring an additional 1,109 shares during the period. Bridges Investment Management Inc. increased its stake in United Rentals by 2.0% during the fourth quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company’s stock valued at $56,315,000 after acquiring an additional 1,354 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in United Rentals by 995.1% in the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after acquiring an additional 12,369 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on URI. Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the stock an “overweight” rating in a research report on Friday, July 24th. UBS Group upped their target price on United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Robert W. Baird set a $1,300.00 target price on United Rentals in a research report on Friday, July 24th. Wells Fargo & Company lifted their price target 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, JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

Insider Activity at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

United Rentals Trading Up 0.5%

Shares of URI opened at $1,058.50 on Thursday. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock has a 50 day simple moving average of $1,099.04 and a 200-day simple moving average of $955.68. The stock has a market cap of $65.88 billion, a PE ratio of 25.42, a PEG ratio of 1.36 and a beta of 1.80.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a dividend of $1.97 per share. 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 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

United Rentals 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.