PCM Encore LLC Takes Position in United Rentals, Inc. $URI

PCM Encore LLC acquired a new position in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 781 shares of the construction company’s stock, valued at approximately $885,000.

Several other institutional investors also recently bought and sold shares of the stock. Trillium Asset Management LLC bought a new position in United Rentals during the 2nd quarter worth approximately $21,705,000. Vise Technologies Inc. bought a new stake in United Rentals in the second quarter valued at approximately $12,257,000. August Group Capital Ltd bought a new stake in United Rentals in the second quarter valued at approximately $977,000. E Fund Management Co. Ltd. purchased a new stake in shares of United Rentals during the second quarter valued at approximately $268,000. Finally, Westport Asset Management Inc. purchased a new stake in shares of United Rentals during the second quarter valued at approximately $9,063,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction on Friday, July 24th. The shares were 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 directly owned 6,062 shares in the company, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $1,094.54 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The firm has a market cap of $68.12 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.44 and a beta of 1.80. The business’s 50 day moving average price is $1,098.84 and its 200-day moving average price is $948.49.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s payout ratio is presently 18.92%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URI. Raymond James Financial restated an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Royal Bank Of Canada increased their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. UBS Group raised their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley set a $1,335.00 price objective on shares of United Rentals and gave the company an “overweight” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

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.