London & Capital Asset Management Ltd Takes Position in United Rentals, Inc. $URI

London & Capital Asset Management Ltd acquired a new position in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,950 shares of the construction company’s stock, valued at approximately $23,319,000. United Rentals accounts for approximately 1.8% of London & Capital Asset Management Ltd’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in United Rentals in the 2nd quarter worth approximately $28,000. Flaharty Asset Management LLC bought a new position in United Rentals during the first quarter worth $30,000. Maseco LLP acquired a new position in United Rentals during the 2nd quarter valued at $32,000. Trust Co. of Toledo NA OH bought a new stake in United Rentals in the 2nd quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in United Rentals by 560.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 66 shares of the construction company’s stock worth $41,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 1.6%

Shares of United Rentals stock opened at $784.49 on Tuesday. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The stock has a market capitalization of $49.92 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.68. The company has a 50-day simple moving average of $885.92 and a 200 day simple moving average of $854.62. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $11.80 EPS. Research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of United Rentals in a research report on Thursday, November 13th. They set an “overweight” rating and a $995.00 price objective for the company. Argus set a $935.00 price target on United Rentals in a report on Tuesday, August 12th. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. upped their target price on United Rentals from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, Evercore ISI reiterated an “outperform” rating on shares of United Rentals in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $968.94.

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.