Worthington Financial Partners LLC Makes New Investment in United Rentals, Inc. $URI

Worthington Financial Partners LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,098 shares of the construction company’s stock, valued at approximately $889,000.

Several other hedge funds have also made changes to their positions in the company. Capital International Investors grew its position in shares of United Rentals by 22.8% during the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after buying an additional 631,484 shares in the last quarter. Capital World Investors increased its stake in shares of United Rentals by 1.1% during the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock valued at $2,192,357,000 after buying an additional 30,263 shares during the period. Franklin Resources Inc. raised its holdings in shares of United Rentals by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock valued at $1,087,711,000 after acquiring an additional 28,895 shares in the last quarter. Norges Bank bought a new stake in shares of United Rentals in the fourth quarter valued at about $978,017,000. Finally, Alliancebernstein L.P. lifted its stake in United Rentals by 5.6% in the third quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock worth $1,038,870,000 after acquiring an additional 57,977 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s 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 transaction, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

Shares of URI stock opened at $1,077.68 on Friday. United Rentals, Inc. has a 1-year low of $693.78 and a 1-year high of $1,106.88. The stock’s 50-day moving average is $953.75 and its 200 day moving average is $871.26. The company has a market cap of $67.52 billion, a P/E ratio of 27.49, a PEG ratio of 1.70 and a beta of 1.81. 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 (NYSE:URI) last announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.86 earnings per share. Research analysts predict that United Rentals, Inc. will post 47.26 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, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s payout ratio is presently 20.10%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on URI. KeyCorp raised 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research report on Wednesday, June 10th. Barclays increased their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, UBS Group boosted their price objective on shares of United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. 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 a consensus price target of $1,045.81.

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.