Partners Capital Investment Group LLP Acquires New Shares in United Rentals, Inc. $URI

Partners Capital Investment Group LLP acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,658 shares of the construction company’s stock, valued at approximately $4,144,000.

Other large investors have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals during the fourth quarter worth about $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of United Rentals in the 2nd quarter worth about $29,000. MidFirst Bank bought a new stake in United Rentals in the 2nd quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in United Rentals in the 4th quarter valued at about $32,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Rentals 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 value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

United Rentals Stock Down 1.4%

United Rentals stock opened at $1,083.45 on Tuesday. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18. The stock has a market cap of $67.43 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.42 and a beta of 1.80. The company’s 50-day moving average price is $1,099.24 and its two-hundred day moving average price is $952.76. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $10.47 EPS. On average, analysts expect that United Rentals, Inc. will post 48.55 EPS 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. Shareholders 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 is Wednesday, August 12th. United Rentals’s dividend payout ratio is 18.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup upped their target price 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. Bank of America lifted their price target on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective for the company in a research report on Monday, June 29th. Argus reissued a “buy” rating and issued a $1,250.00 price objective on shares of United Rentals in a report on Tuesday, August 4th. Finally, Wells Fargo & Company lifted their target price on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,246.19.

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.