Jupiter Topco LLC Makes New $9.23 Million Investment in United Rentals, Inc. $URI

Jupiter Topco LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,147 shares of the construction company’s stock, valued at approximately $9,227,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Investments LLC lifted its holdings in United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after acquiring an additional 11 shares during the last quarter. CoreCap Advisors LLC increased its stake in United Rentals by 16.9% during the second quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock worth $86,000 after acquiring an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares during the period. Legacy Financial Advisors Inc. raised its position in United Rentals by 3.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after purchasing an additional 12 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its stake in shares of United Rentals by 2.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock valued at $441,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the 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 sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

NYSE URI opened at $1,030.64 on Monday. The business has a fifty day moving average of $1,097.31 and a 200-day moving average of $957.73. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The stock has a market cap 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 quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the company posted $10.47 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts predict that United Rentals, Inc. will post 48.55 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, August 26th. Shareholders of record on Wednesday, August 12th were paid a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals’s dividend payout ratio is 18.92%.

Analyst Ratings Changes

URI has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a research note on Monday, June 29th. KeyCorp reiterated an “overweight” rating and issued a $1,350.00 price target on shares of United Rentals in a research note on Friday, July 24th. Finally, Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

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.