Trillium Asset Management LLC Invests $21.70 Million in United Rentals, Inc. $URI

Trillium Asset Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,155 shares of the construction company’s stock, valued at approximately $21,705,000.

Other institutional investors have also added to or reduced their stakes in the company. SFE Investment Counsel acquired a new stake in shares of United Rentals during the second quarter valued at about $12,765,000. Eventide Asset Management LLC increased its stake in shares of United Rentals by 19.6% in the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock valued at $77,666,000 after buying an additional 15,696 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of United Rentals by 52.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock valued at $2,623,000 after buying an additional 1,109 shares during the period. Bridges Investment Management Inc. raised its holdings in United Rentals by 2.0% in the 4th quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company’s stock valued at $56,315,000 after buying an additional 1,354 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in United Rentals by 995.1% during the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock worth $11,016,000 after buying an additional 12,369 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the topic of a number of research reports. Evercore reissued an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Morgan Stanley set a $1,335.00 price target on shares of United Rentals and gave the company an “overweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Citigroup boosted their price objective on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, KeyCorp restated an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

United Rentals Stock Down 2.0%

Shares of NYSE URI opened at $1,094.54 on Friday. 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 has a market cap of $68.12 billion, a PE ratio of 26.29, a P/E/G ratio of 1.44 and a beta of 1.80. The company’s fifty day simple moving average is $1,098.84 and its 200 day simple moving average is $948.49. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $10.47 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s payout ratio is presently 18.92%.

About United Rentals

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.