United Rentals, Inc. $URI Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 121,462 shares of the construction company’s stock after selling 887 shares during the period. Royal London Asset Management Ltd. owned approximately 0.20% of United Rentals worth $137,603,000 at the end of the most recent quarter.

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

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on URI. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. BNP Paribas Exane raised 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. Robert W. Baird set a $1,300.00 price objective on shares of United Rentals in a research note on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. One 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Price Performance

Shares of NYSE URI opened at $1,030.64 on Friday. 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 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. The firm’s 50 day simple moving average is $1,097.31 and its 200-day simple moving average is $957.16. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.

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

United Rentals Dividend Announcement

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

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.