Franklin Resources Inc. Has $862.11 Million Stake in United Rentals, Inc. (NYSE:URI)

Franklin Resources Inc. raised its stake in United Rentals, Inc. (NYSE:URI) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 996,014 shares of the construction company’s stock after buying an additional 57,002 shares during the quarter. Franklin Resources Inc. owned 1.52% of United Rentals worth $862,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in URI. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the third quarter worth about $31,000. RFP Financial Group LLC grew its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in shares of United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares in the last quarter. HM Payson & Co. bought a new position in shares of United Rentals during the third quarter worth about $41,000. Finally, HHM Wealth Advisors LLC grew its holdings in shares of United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other news, SVP Anthony S. Leopold sold 900 shares of United Rentals stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares in the company, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $786.30 on Friday. The stock has a market capitalization of $51.60 billion, a PE ratio of 20.54, a P/E/G ratio of 1.87 and a beta of 1.66. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The business has a fifty day moving average price of $834.50 and a two-hundred day moving average price of $746.93. United Rentals, Inc. has a fifty-two week low of $504.65 and a fifty-two week high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share for the quarter, missing the consensus estimate of $12.49 by ($0.69). The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $11.73 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a yield of 0.83%. United Rentals’s dividend payout ratio is presently 17.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Argus increased their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Citigroup lifted their target price on United Rentals from $955.00 to $985.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI lifted their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Bank of America lifted their target price on United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average price target of $770.00.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.