United Rentals, Inc. (NYSE:URI) Shares Bought by Range Financial Group LLC

Range Financial Group LLC increased its position in United Rentals, Inc. (NYSE:URI) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 580 shares of the construction company’s stock after acquiring an additional 30 shares during the period. Range Financial Group LLC’s holdings in United Rentals were worth $363,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of URI. JPMorgan Chase & Co. increased its holdings in shares of United Rentals by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after acquiring an additional 105,287 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of United Rentals in the 4th quarter worth about $16,253,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of United Rentals by 8.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,813 shares of the construction company’s stock worth $5,504,000 after acquiring an additional 596 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of United Rentals in the 4th quarter worth about $147,000. Finally, Conning Inc. increased its holdings in shares of United Rentals by 12.2% in the 4th quarter. Conning Inc. now owns 1,267 shares of the construction company’s stock worth $893,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 target price on the stock in a research note on Wednesday, April 16th. Evercore ISI reduced their price objective on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Citigroup reduced their price objective on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $753.15.

United Rentals Stock Performance

Shares of URI opened at $707.02 on Monday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The company has a 50-day moving average of $650.15 and a two-hundred day moving average of $695.46. The stock has a market cap of $45.96 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI) last announced 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 analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.15 earnings per share. On average, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is 18.54%.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

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.