10,267 Shares in United Rentals, Inc. $URI Purchased by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management acquired 10,267 United Rentals shares worth approximately $11.5 million in the second quarter. Institutional investors and hedge funds collectively own 96.26% of the company.
• United Rentals reported quarterly EPS of $12.76, beating estimates by $1.23, while revenue rose 11.8% year over year to $4.41 billion. Analysts expect full-year EPS of $48.55.
• The company maintains a quarterly dividend of $1.97 per share, equivalent to an annualized $7.88 dividend and a 0.8% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $1,246.19.

Rakuten Investment Management Inc. acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,267 shares of the construction company's stock, valued at approximately $11,526,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of United Rentals during the second quarter valued at approximately $5,816,326,000. Norges Bank acquired a new position in United Rentals during the 4th quarter valued at approximately $978,017,000. Bank of America Corp DE acquired a new position in United Rentals during the 2nd quarter valued at approximately $944,196,000. The Manufacturers Life Insurance Company bought a new position in United Rentals during the 2nd quarter worth $716,129,000. Finally, Bank of New York Mellon Corp bought a new position in United Rentals during the 2nd quarter worth $412,860,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Down 0.7%

URI stock opened at $1,030.64 on Friday. The firm has a market cap of $64.15 billion, a PE ratio of 24.75, a P/E/G ratio of 1.33 and a beta of 1.80. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $1,097.31 and a 200 day simple moving average of $957.16.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results 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. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the business posted $10.47 earnings per share. The firm's quarterly revenue 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 fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals's payout ratio is presently 18.92%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BNP Paribas Exane raised shares of United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 target price for the company in a research note on Monday, June 29th. Argus restated a "buy" rating and issued a $1,250.00 price target on shares of United Rentals in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed an "outperform" rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Bank of America increased their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $1,100.00 to $1,235.00 and gave the company an "overweight" rating in a research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,246.19.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company's 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.47% of the company's stock.

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.

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