United Rentals, Inc. $URI Shares Sold by Formuepleje A S

Formuepleje A S lowered its position in United Rentals, Inc. (NYSE:URI) by 79.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 725 shares of the construction company’s stock after selling 2,850 shares during the period. Formuepleje A S’s holdings in United Rentals were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of URI. Brown Financial Advisors increased its holdings in shares of United Rentals by 4.3% in the 2nd quarter. Brown Financial Advisors now owns 1,909 shares of the construction company’s stock valued at $2,162,000 after acquiring an additional 78 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in United Rentals during the 2nd quarter worth $22,567,000. California State Teachers Retirement System grew its position in United Rentals by 110,181.2% during the 2nd quarter. California State Teachers Retirement System now owns 110,282,310 shares of the construction company’s stock worth $124,937,726,000 after purchasing an additional 110,182,309 shares during the last quarter. Tanager Wealth Management LLP purchased a new position in United Rentals during the 2nd quarter worth $253,000. Finally, Ameritas Advisory Services LLC acquired a new position in United Rentals in the second quarter valued at $360,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

United Rentals Stock Down 0.0%

Shares of NYSE:URI opened at $1,009.78 on Monday. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm’s 50-day simple moving average is $1,087.43 and its 200-day simple moving average is $962.34. The company has a market cap of $62.85 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.49 and a beta of 1.79.

United Rentals (NYSE:URI) last announced 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 firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm earned $10.47 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts predict that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on URI shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. UBS Group boosted their price target on United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Barclays increased their price objective on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Finally, Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,246.19.

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.