United Rentals, Inc. $URI Shares Bought by London & Capital Asset Management Ltd

London & Capital Asset Management Ltd raised its position in United Rentals, Inc. (NYSE:URI) by 26.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,133 shares of the construction company’s stock after purchasing an additional 8,183 shares during the quarter. United Rentals accounts for approximately 2.7% of London & Capital Asset Management Ltd’s portfolio, making the stock its 19th largest holding. London & Capital Asset Management Ltd owned about 0.06% of United Rentals worth $37,362,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of URI. Vanguard Group Inc. raised its holdings in United Rentals by 1.0% in the second quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock valued at $5,646,208,000 after buying an additional 72,267 shares during the period. JPMorgan Chase & Co. increased its position in shares of United Rentals by 71.3% in the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after acquiring an additional 780,322 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of United Rentals by 6.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,231,108 shares of the construction company’s stock valued at $927,517,000 after acquiring an additional 70,870 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of United Rentals by 3.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,030,232 shares of the construction company’s stock valued at $776,177,000 after acquiring an additional 36,991 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of United Rentals during the 2nd quarter valued at $776,102,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the sale, the executive vice president owned 6,872 shares in the company, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares in the company, valued at $5,900,322.12. The trade was a 25.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. Citigroup lowered their price target on United Rentals from $1,090.00 to $950.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Wells Fargo & Company increased their target price on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Robert W. Baird set a $970.00 target price on United Rentals in a report on Friday, January 30th. KeyCorp set a $950.00 price target on United Rentals in a report on Friday, January 30th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $925.59.

United Rentals Price Performance

Shares of NYSE URI opened at $837.85 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. 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 price of $871.81 and a two-hundred day moving average price of $889.02. The firm has a market cap of $52.78 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66.

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). United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the company posted $11.59 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

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

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $7.88 annualized dividend and a yield of 0.9%. This is an increase from United Rentals’s previous quarterly dividend of $1.79. United Rentals’s dividend payout ratio (DPR) is 20.37%.

United Rentals Company 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.