2,087 Shares in United Rentals, Inc. $URI Acquired by Kendall Capital Management

Kendall Capital Management acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,087 shares of the construction company’s stock, valued at approximately $2,364,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in United Rentals in the second quarter worth approximately $5,816,326,000. Norges Bank bought a new position in shares of United Rentals during the 4th quarter valued at $978,017,000. Bank of New York Mellon Corp acquired a new stake in shares of United Rentals in the 2nd quarter valued at $412,860,000. Corient Private Wealth LLC lifted its stake in shares of United Rentals by 1,667.4% in the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock valued at $278,378,000 after purchasing an additional 324,503 shares during the last quarter. Finally, W1M Asset Management Ltd acquired a new stake in shares of United Rentals in the 2nd quarter valued at $337,323,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on URI. Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup boosted their price target on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target for the company in a research note on Monday, June 29th. Finally, Barclays increased their price objective on United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

Insider Activity at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by company insiders.

United Rentals Trading Down 0.0%

United Rentals stock opened at $1,095.21 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. The business’s 50-day simple moving average is $1,099.22 and its 200-day simple moving average is $949.51. The firm has a market capitalization of $68.17 billion, a PE ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18.

United Rentals (NYSE:URI) last announced its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm 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 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

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

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.