Ieq Capital LLC Buys Shares of 6,166 United Rentals, Inc. $URI

Ieq Capital LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,166 shares of the construction company’s stock, valued at approximately $6,985,000.

Several other institutional investors have also modified their holdings of the company. Core Wealth Advisors LLC acquired a new position in United Rentals during the 4th quarter valued at about $28,000. MV Capital Management Inc. acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $28,000. MidFirst Bank acquired a new stake in shares of United Rentals in the second quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $32,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $34,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Down 0.3%

United Rentals stock opened at $1,095.21 on Monday. The business’s 50-day simple moving average is $1,099.22 and its two-hundred day simple moving average is $950.71. 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 company has a market cap 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 fifty-two week low of $701.59 and a fifty-two week high of $1,179.18.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.53 by $1.23. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $10.47 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 18.92%.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on URI. Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a research report on Wednesday, June 10th. Wall Street Zen raised 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 report on Monday, June 29th. Bank of America increased their price target on United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

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.