1,893 Shares in United Rentals, Inc. $URI Bought by AMG National Trust Bank

Key Points

• AMG National Trust Bank acquired 1,893 United Rentals shares worth approximately $2.14 million in the second quarter. Institutional investors and hedge funds collectively own 96.26% of URI’s outstanding stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,246.19; several firms recently raised targets to between $1,330 and $1,355.
• United Rentals reported quarterly earnings of $12.76 per share, beating estimates, while revenue rose 11.8% year over year to $4.41 billion. The company also declared a quarterly dividend of $1.97 per share, equivalent to a 0.7% yield.

AMG National Trust Bank acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,893 shares of the construction company's stock, valued at approximately $2,142,000.

Several other institutional investors have also modified their holdings of URI. Roman Butler Fullerton & Co. purchased a new position in shares of United Rentals in the second quarter valued at approximately $1,759,000. Simplicity Wealth LLC purchased a new stake in shares of United Rentals during the second quarter worth approximately $403,000. Wealth Effects LLC purchased a new stake in shares of United Rentals during the second quarter worth approximately $3,335,000. HBK Sorce Advisory LLC acquired a new position in United Rentals in the 2nd quarter valued at $648,000. Finally, Northstar Financial Companies Inc. acquired a new position in United Rentals in the 2nd quarter valued at $368,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on URI shares. Zacks Research upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Wells Fargo & Company increased their price objective on shares of United Rentals from $1,245.00 to $1,355.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Evercore reissued an "outperform" rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Morgan Stanley set a $1,335.00 target price on United Rentals and gave the stock an "overweight" rating in a report on Friday, July 24th. Finally, Citigroup upped their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,246.19.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the 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 transaction, the executive vice president owned 6,062 shares of the company's stock, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

United Rentals Price Performance

United Rentals stock opened at $1,155.25 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $1,095.03 and a 200 day moving average price of $940.62. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18. The stock has a market cap of $71.90 billion, a P/E ratio of 27.74, a PEG ratio of 1.49 and a beta of 1.80.

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, beating the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. United Rentals's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.47 EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals's dividend payout ratio (DPR) is 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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