15,409 Shares in United Rentals, Inc. $URI Acquired by Winmill & CO. Inc.

Winmill & CO. Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,409 shares of the construction company’s stock, valued at approximately $17,457,000. United Rentals comprises about 3.9% of Winmill & CO. Inc.’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of United Rentals in the 2nd quarter valued at $5,816,326,000. Capital World Investors increased its position in shares of United Rentals by 1.1% during the 4th quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after purchasing an additional 30,263 shares during the last quarter. Franklin Resources Inc. increased its position in shares of United Rentals by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after purchasing an additional 28,895 shares during the last quarter. Norges Bank purchased a new stake in United Rentals in the 4th quarter valued at about $978,017,000. Finally, Bank of America Corp DE raised its holdings in United Rentals by 14.7% in the 1st quarter. Bank of America Corp DE now owns 806,380 shares of the construction company’s stock valued at $587,496,000 after buying an additional 103,371 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 0.3%

Shares of NYSE:URI opened at $1,095.21 on Monday. The firm has a market capitalization of $68.17 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The firm’s 50-day moving average is $1,099.22 and its two-hundred day moving average is $950.71.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the company posted $10.47 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on URI shares. Argus reaffirmed a “buy” rating and issued a $1,250.00 target price on shares of United Rentals in a research report on Tuesday, August 4th. UBS Group lifted their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a report on Monday, June 29th. Finally, Wells Fargo & Company increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,246.19.

Insiders Place Their Bets

In other news, EVP William E. Grace sold 1,500 shares of the 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 of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.