Intellectus Partners LLC Invests $610,000 in United Rentals, Inc. (NYSE:URI)

Intellectus Partners LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 974 shares of the construction company’s stock, valued at approximately $610,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of United Rentals by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after buying an additional 105,287 shares during the period. Union Bancaire Privee UBP SA bought a new position in United Rentals during the 4th quarter worth approximately $16,253,000. DAVENPORT & Co LLC grew its holdings in United Rentals by 35.3% during the fourth quarter. DAVENPORT & Co LLC now owns 1,001 shares of the construction company’s stock valued at $705,000 after purchasing an additional 261 shares during the period. Stratos Wealth Advisors LLC grew its holdings in United Rentals by 14.6% during the fourth quarter. Stratos Wealth Advisors LLC now owns 642 shares of the construction company’s stock valued at $453,000 after purchasing an additional 82 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in United Rentals by 29.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,945 shares of the construction company’s stock valued at $8,489,000 after purchasing an additional 2,742 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 1.1%

URI stock opened at $707.02 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $45.96 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.43 and a beta of 1.71. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The business has a 50-day moving average of $650.15 and a 200-day moving average of $697.32.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.15 EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, May 14th. United Rentals’s payout ratio is 18.54%.

Insider Activity at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Citigroup dropped their price objective on United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $920.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $753.15.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.