Signet Private Wealth LLC Invests $557,000 in United Rentals, Inc. $URI

Signet Private Wealth LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 688 shares of the construction company’s stock, valued at approximately $557,000.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of United Rentals during the fourth quarter worth approximately $978,017,000. Capital International Investors lifted its holdings in shares of United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after acquiring an additional 631,484 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of United Rentals by 66.5% in the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after purchasing an additional 193,416 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of United Rentals by 3,459.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after purchasing an additional 191,162 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 3.4%

Shares of URI opened at $1,056.72 on Thursday. The stock has a market capitalization of $66.20 billion, a P/E ratio of 26.96, a PEG ratio of 1.73 and a beta of 1.81. United Rentals, Inc. has a twelve month low of $682.08 and a twelve month high of $1,106.88. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $906.76 and a two-hundred day simple moving average of $858.86.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.86 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 47.14 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio is presently 20.10%.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on URI shares. Morgan Stanley reissued an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a research note on Friday, April 24th. Citigroup raised their price objective on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Royal Bank Of Canada boosted their target price on 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. Finally, Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,029.00.

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.