Bayesian Capital Management LP Buys Shares of 2,082 United Rentals, Inc. (NYSE:URI)

Bayesian Capital Management LP purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,082 shares of the construction company's stock, valued at approximately $1,467,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. Adell Harriman & Carpenter Inc. raised its position in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock worth $573,000 after buying an additional 14 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of United Rentals by 1.8% during the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock valued at $555,000 after purchasing an additional 14 shares during the last quarter. Erste Asset Management GmbH lifted its position in United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after purchasing an additional 14 shares during the period. Forum Financial Management LP boosted its holdings in United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after purchasing an additional 14 shares during the last quarter. Finally, Klingman & Associates LLC grew its position in United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock worth $471,000 after purchasing an additional 15 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Up 4.0 %

Shares of URI stock opened at $666.21 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a fifty day simple moving average of $613.33 and a two-hundred day simple moving average of $719.00. The firm has a market capitalization of $43.30 billion, a PE ratio of 17.19, a PEG ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the prior year, the business posted $9.15 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped their price target on United Rentals from $1,004.00 to $974.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Citigroup cut their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. UBS Group lowered shares of United Rentals from a "buy" rating to a "sell" rating and cut their target price for the company from $910.00 to $485.00 in a research report on Monday, April 7th. Finally, Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $725.69.

Insider Buying and Selling

In related news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by company insiders.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

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