United Rentals, Inc. $URI Shares Bought by Wgi Dm LLC

Wgi Dm LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 607.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 151,448 shares of the construction company’s stock after purchasing an additional 130,034 shares during the quarter. United Rentals comprises about 1.0% of Wgi Dm LLC’s holdings, making the stock its 7th biggest holding. Wgi Dm LLC’s holdings in United Rentals were worth $11,330,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MidFirst Bank acquired a new stake in United Rentals in the 2nd quarter valued at about $31,000. BlackRock Inc. bought a new stake in shares of United Rentals during the second quarter valued at approximately $5,816,326,000. Pallas Capital Advisors LLC acquired a new stake in shares of United Rentals in the second quarter valued at approximately $213,000. Performance Wealth Partners LLC acquired a new stake in shares of United Rentals in the second quarter valued at approximately $269,000. Finally, Deutsche Bank AG acquired a new position in United Rentals during the 2nd quarter worth $218,508,000. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction that occurred 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 owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on URI shares. Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Barclays lifted 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. Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research report on Friday, July 24th. Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Citigroup lifted their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Trading Up 1.1%

NYSE:URI opened at $1,166.11 on Tuesday. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. The business’s 50-day moving average price is $1,096.63 and its two-hundred day moving average price is $942.44. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $72.58 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.49 and a beta of 1.80.

United Rentals (NYSE:URI) last issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The firm had revenue of $4.41 billion for 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 company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $10.47 earnings per share. On average, equities analysts expect that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

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

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.