Findlay Park Partners LLP Has $183.71 Million Stake in United Rentals, Inc. $URI

Findlay Park Partners LLP trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,436 shares of the construction company’s stock after selling 35,000 shares during the period. United Rentals accounts for about 1.9% of Findlay Park Partners LLP’s investment portfolio, making the stock its 22nd biggest holding. Findlay Park Partners LLP owned approximately 0.30% of United Rentals worth $183,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new stake in shares of United Rentals during the 2nd quarter valued at $28,000. Salomon & Ludwin LLC boosted its holdings in United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock worth $29,000 after buying an additional 26 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of United Rentals during the 3rd quarter worth about $29,000. Cedar Mountain Advisors LLC bought a new stake in shares of United Rentals in the 3rd quarter valued at about $32,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of United Rentals in the 3rd quarter valued at about $40,000. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In related news, EVP William E. Grace sold 1,498 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the completion of the transaction, the executive vice president directly owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 2,490 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the sale, the executive vice president owned 7,458 shares in the company, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Down 2.4%

URI stock opened at $837.85 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. The stock has a market capitalization of $52.78 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.39 and a beta of 1.70. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The business has a 50-day moving average of $871.81 and a 200-day moving average of $889.52.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing the consensus estimate of $11.86 by ($0.77). The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.24 billion. United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.59 EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a dividend of $1.97 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $7.88 annualized dividend and a yield of 0.9%. United Rentals’s payout ratio is presently 20.37%.

Analyst Ratings Changes

Several research firms recently weighed in on URI. Wells Fargo & Company lifted their price objective on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Robert W. Baird set a $970.00 price target on shares of United Rentals in a report on Friday, January 30th. Royal Bank Of Canada lowered their price objective on shares of United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. JPMorgan Chase & Co. lowered their price target on United Rentals from $1,150.00 to $970.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $925.59.

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.