United Rentals, Inc. $URI Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 36.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,201 shares of the construction company’s stock after selling 1,828 shares during the period. Pacer Advisors Inc.’s holdings in United Rentals were worth $2,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of URI. Woodline Partners LP raised its stake in United Rentals by 40.0% in the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after acquiring an additional 1,577 shares during the last quarter. Sei Investments Co. grew its stake in United Rentals by 24.7% during the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock valued at $20,444,000 after purchasing an additional 5,375 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in United Rentals by 43.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after purchasing an additional 17,030 shares during the last quarter. HUB Investment Partners LLC increased its holdings in shares of United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after purchasing an additional 223 shares during the period. Finally, Diversify Advisory Services LLC raised its stake in shares of United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,277 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 0.0%

Shares of URI stock opened at $1,162.37 on Friday. 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, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The stock has a 50 day moving average of $1,085.32 and a 200 day moving average of $933.12. The stock has a market cap of $72.35 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.50 and a beta of 1.80.

United Rentals (NYSE:URI) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. The firm 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 quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $10.47 EPS. As a group, sell-side analysts expect that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Activity at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent research reports. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Wells Fargo & Company raised their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a research note on Wednesday, June 10th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

United Rentals 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.