Keystone Investors PTE Ltd. Increases Position in United Rentals, Inc. $URI

Keystone Investors PTE Ltd. raised its position in United Rentals, Inc. (NYSE:URI) by 6,354.2% during the fourth quarter, HoldingsChannel reports. The firm owned 16,329 shares of the construction company’s stock after buying an additional 16,076 shares during the quarter. United Rentals accounts for 1.2% of Keystone Investors PTE Ltd.’s holdings, making the stock its 21st biggest position. Keystone Investors PTE Ltd.’s holdings in United Rentals were worth $13,215,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of URI. Beacon Investment Advisory Services Inc. grew its position in shares of United Rentals by 1,358.7% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after buying an additional 7,663 shares during the last quarter. TD Asset Management Inc grew its position in shares of United Rentals by 66.5% in the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after buying an additional 193,416 shares during the last quarter. Nordea Investment Management AB grew its position in shares of United Rentals by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after buying an additional 28,604 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after buying an additional 1,846 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of United Rentals by 1.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after buying an additional 5,115 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In related news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,088 shares of company stock worth $25,628,877 in the last quarter. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on URI. Robert W. Baird increased their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. KeyCorp increased their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, UBS Group increased their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and an average price target of $1,045.81.

United Rentals Stock Up 0.7%

Shares of NYSE:URI opened at $1,076.03 on Friday. The stock has a market cap of $67.41 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.69 and a beta of 1.81. The firm has a fifty day moving average price of $920.44 and a 200 day moving average price of $862.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1-year low of $682.08 and a 1-year high of $1,106.88.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.86 EPS. Sell-side analysts predict that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

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

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.