Polymer Capital Management HK LTD Invests $1.69 Million in United Rentals, Inc. $URI

Polymer Capital Management HK LTD purchased a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,492 shares of the construction company’s stock, valued at approximately $1,690,000.

Several other institutional investors also recently bought and sold shares of URI. MidFirst Bank purchased a new stake in shares of United Rentals during the second quarter worth approximately $31,000. Core Wealth Advisors LLC purchased a new position in United Rentals in the 4th quarter valued at $28,000. MV Capital Management Inc. purchased a new position in United Rentals in the 4th quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in United Rentals during the 2nd quarter worth $40,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in United Rentals during the 4th quarter worth $32,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent research reports. Citigroup increased their target price on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company boosted their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Stock Down 0.3%

Shares of NYSE:URI opened at $1,095.21 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $1,099.22 and a two-hundred day moving average of $950.71. The stock has a market cap of $68.17 billion, a P/E 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 issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the company earned $10.47 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts expect that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

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

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction dated 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 transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

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.