QRG Capital Management Inc. Purchases 734 Shares of United Rentals, Inc. $URI

QRG Capital Management Inc. raised its position in United Rentals, Inc. (NYSE:URI) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,025 shares of the construction company’s stock after purchasing an additional 734 shares during the period. QRG Capital Management Inc.’s holdings in United Rentals were worth $3,258,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $27,000. Abich Financial Wealth Management LLC bought a new stake in United Rentals in the third quarter valued at approximately $29,000. Cedar Mountain Advisors LLC bought a new stake in United Rentals in the third quarter valued at approximately $32,000. Board of the Pension Protection Fund bought a new stake in United Rentals in the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $32,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. KeyCorp increased their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $986.35.

United Rentals Stock Down 2.3%

United Rentals stock opened at $942.69 on Friday. The company has a market cap of $59.06 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.83. United Rentals, Inc. has a 1-year low of $656.95 and a 1-year high of $1,021.47. The company has a fifty day simple moving average of $805.22 and a 200 day simple moving average of $838.92. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $8.86 EPS. Research analysts anticipate that United Rentals, Inc. will post 46.99 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

United Rentals announced that its Board of Directors has approved a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 in the last three months. 0.47% of the stock is currently owned by company insiders.

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.