United Capital Financial Advisors LLC Makes New Investment in United Rentals, Inc. $URI

United Capital Financial Advisors LLC acquired a new stake 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 acquired 2,791 shares of the construction company’s stock, valued at approximately $3,162,000.

A number of other hedge funds have also recently modified their holdings of the business. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. bought a new position in United Rentals in the 4th quarter worth about $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in United Rentals during the 2nd quarter valued at about $29,000. MidFirst Bank purchased a new stake in United Rentals during the 2nd quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in United Rentals during the 4th quarter valued at about $32,000. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on URI shares. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Raymond James Financial reissued an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a research report on Wednesday, June 10th. UBS Group boosted their price objective on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

Insider Activity at United Rentals

In related 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 completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

United Rentals Stock Down 0.7%

URI opened at $1,030.64 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average price of $1,097.31 and a 200-day moving average price of $957.16. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The stock has a market capitalization of $64.15 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.34 and a beta of 1.80.

United Rentals (NYSE:URI) last issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the company posted $10.47 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals’s dividend payout ratio (DPR) is 18.92%.

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.