Roman Butler Fullerton & Co. Purchases Shares of 1,620 United Rentals, Inc. $URI

Roman Butler Fullerton & Co. acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,620 shares of the construction company’s stock, valued at approximately $1,759,000.

Other institutional investors also recently modified their holdings of the company. PFG Investments LLC lifted its stake in United Rentals by 0.9% in the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after purchasing an additional 11 shares during the last quarter. CoreCap Advisors LLC grew its holdings in United Rentals by 16.9% during the second quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock worth $86,000 after purchasing an additional 11 shares during the period. Great Valley Advisor Group Inc. increased its position in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after buying an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after buying an additional 12 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its stake in United Rentals by 2.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock valued at $441,000 after buying an additional 12 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on URI. Bank of America lifted their target price on United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada raised their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup upped their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research note on Friday, July 24th. KeyCorp restated an “overweight” rating and set a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Finally, Argus restated a “buy” rating and set a $1,250.00 price objective on shares of United Rentals in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Stock Up 0.1%

Shares of URI opened at $1,155.25 on Monday. 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 12 month low of $701.59 and a 12 month high of $1,179.18. The firm’s 50 day moving average is $1,095.03 and its 200-day moving average is $940.62. The stock has a market capitalization of $71.90 billion, a PE ratio of 27.74, a P/E/G ratio of 1.49 and a beta of 1.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.47 EPS. Equities research analysts forecast that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

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

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction 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 transaction, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.