Rakuten Investment Management Inc. Takes $11.53 Million Position in United Rentals, Inc. $URI

Rakuten Investment Management Inc. bought a new position in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,267 shares of the construction company’s stock, valued at approximately $11,526,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PFG Investments LLC lifted its stake in United Rentals by 0.9% in the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock worth $854,000 after acquiring an additional 11 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock valued at $86,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of 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. Legacy Financial Advisors Inc. increased its stake in shares of United Rentals by 3.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after acquiring an additional 12 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its holdings in shares of United Rentals by 2.0% during the first quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock worth $441,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays lifted their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Argus reaffirmed a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a research note on Tuesday, August 4th. Wells Fargo & Company lifted their price target on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Citigroup increased their price objective on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. raised 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 report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Stock Down 0.7%

URI stock opened at $1,030.64 on Friday. The stock has a market capitalization of $64.15 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.80. The company has a 50-day moving average of $1,097.31 and a two-hundred day moving average of $957.16. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share 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 analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.47 EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Insider Transactions at United Rentals

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

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.