1,609 Shares in United Rentals, Inc. $URI Bought by Philadelphia Investment Partners LLC

Key Points

• Philadelphia Investment Partners bought 1,609 United Rentals shares worth approximately $1.82 million, while institutional investors collectively own 96.26% of the company.
• Analyst sentiment remains positive: United Rentals has an average “Moderate Buy” rating and an average price target of $1,246.19, with several firms recently raising targets or upgrading the stock.
• United Rentals exceeded quarterly expectations, reporting $12.76 in earnings per share and $4.41 billion in revenue, up 11.8% year over year. The company also paid a quarterly dividend of $1.97 per share, representing a 0.7% annualized yield.

Philadelphia Investment Partners LLC bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,609 shares of the construction company's stock, valued at approximately $1,823,000. United Rentals comprises about 1.1% of Philadelphia Investment Partners LLC's portfolio, making the stock its 29th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. PFG Investments LLC boosted its holdings in shares of United Rentals by 0.9% in the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock worth $854,000 after purchasing an additional 11 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock valued at $86,000 after buying an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock valued at $292,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock worth $260,000 after buying an additional 12 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in United Rentals by 2.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company's stock worth $441,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on URI. UBS Group increased their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price 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. KeyCorp reissued an "overweight" rating and issued a $1,350.00 price target on shares of United Rentals in a research note on Friday, July 24th. Finally, BNP Paribas Exane raised United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 price objective on the stock in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,246.19.

United Rentals Price Performance

Shares of United Rentals stock opened at $1,058.50 on Thursday. The company's fifty day simple moving average is $1,099.04 and its two-hundred day simple moving average is $955.68. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18. The firm has a market cap of $65.88 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.36 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts' consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business posted $10.47 earnings per share. United Rentals's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts expect that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 12th. United Rentals's dividend payout ratio is currently 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.

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