Fieldview Capital Management LLC Takes $2.31 Million Position in United Rentals, Inc. $URI

Fieldview Capital Management LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,850 shares of the construction company’s stock, valued at approximately $2,307,000.

A number of other hedge funds and other institutional investors have also modified their holdings of URI. Gleason Group Inc. raised its position in United Rentals by 4.3% in the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after acquiring an additional 11 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in United Rentals by 1.2% during the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after acquiring an additional 11 shares in the last quarter. Fearless Solutions LLC dba Best Invest grew its stake in United Rentals by 2.2% during the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock valued at $448,000 after acquiring an additional 12 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its stake in shares of United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after buying an additional 12 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The stock was 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 in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by company insiders.

United Rentals Stock Up 0.7%

Shares of United Rentals stock opened at $1,076.03 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a 52-week low of $682.08 and a 52-week high of $1,106.88. The firm has a market cap of $67.41 billion, a PE ratio of 27.45, a P/E/G ratio of 1.70 and a beta of 1.81. The business’s 50 day simple moving average is $920.44 and its 200 day simple moving average is $862.24.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (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 $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $8.86 earnings per share. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders 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 dividend yield of 0.7%. United Rentals’s dividend payout ratio is currently 20.10%.

Analyst Ratings Changes

URI has been the subject of several recent research reports. Evercore reissued an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a research note on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a report on Friday, April 24th. Citigroup upped their price target on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada increased their target price on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,045.81.

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.