Thompson Siegel & Walmsley LLC Has $6.38 Million Position in United Rentals, Inc. $URI

Thompson Siegel & Walmsley LLC increased its position in United Rentals, Inc. (NYSE:URI) by 398.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,880 shares of the construction company’s stock after buying an additional 6,300 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in United Rentals were worth $6,377,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. raised its stake in United Rentals by 3.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 490 shares of the construction company’s stock valued at $396,000 after purchasing an additional 15 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in United Rentals by 3.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 21,934 shares of the construction company’s stock valued at $17,752,000 after buying an additional 666 shares in the last quarter. Mitchell Capital Management Co. boosted its stake in shares of United Rentals by 1.0% in the 4th quarter. Mitchell Capital Management Co. now owns 4,647 shares of the construction company’s stock valued at $3,761,000 after purchasing an additional 47 shares in the last quarter. Thames Capital Management LLC acquired a new stake in United Rentals during the 4th quarter valued at $21,823,000. Finally, Core Wealth Advisors LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $28,000. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 26,088 shares of company stock valued at $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Up 0.2%

Shares of NYSE:URI opened at $998.03 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. United Rentals, Inc. has a 1 year low of $681.98 and a 1 year high of $1,021.47. The business’s 50-day moving average is $860.45 and its 200-day moving average is $846.62. The company has a market capitalization of $62.52 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.58 and a beta of 1.81.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.86 earnings per share. Equities research analysts predict that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio is currently 20.10%.

Analyst Upgrades and Downgrades

A number of research firms have commented on URI. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a report on Friday, April 24th. KeyCorp upped their price objective on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings upgraded shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, Evercore reissued an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $1,006.13.

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.