Tectonic Advisors LLC Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

Tectonic Advisors LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,337 shares of the construction company’s stock after purchasing an additional 120 shares during the period. Tectonic Advisors LLC’s holdings in United Rentals were worth $838,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Capital World Investors boosted its position in shares of United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock valued at $1,564,722,000 after acquiring an additional 323,636 shares during the period. Geode Capital Management LLC boosted its position in shares of United Rentals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock valued at $1,115,142,000 after acquiring an additional 20,401 shares during the period. Alliancebernstein L.P. boosted its position in shares of United Rentals by 16.0% in the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock valued at $880,778,000 after acquiring an additional 172,340 shares during the period. Franklin Resources Inc. lifted its position in United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company’s stock valued at $770,199,000 after purchasing an additional 97,336 shares during the last quarter. Finally, Capital International Investors lifted its position in United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock valued at $740,624,000 after purchasing an additional 305,491 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

NYSE URI opened at $799.28 on Wednesday. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The stock has a market cap of $51.95 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.98 and a beta of 1.69. The company’s 50 day moving average is $728.29 and its two-hundred day moving average is $686.99. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.15 EPS. As a group, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, May 14th. United Rentals’s payout ratio is currently 18.54%.

Insiders Place Their Bets

In related news, EVP Michael D. Durand sold 1,100 shares of the firm’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president directly owned 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 directly owned 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on URI. Citigroup reiterated a “buy” rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. The Goldman Sachs Group boosted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Cfra Research raised shares of United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Finally, Evercore ISI decreased their price target on United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $768.54.

United Rentals Company Profile

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.