19,920 Shares in United Rentals, Inc. $URI Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 19,920 shares of United Rentals valued at approximately $22.6 million, while institutional investors collectively own 96.26% of the company.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, with revenue up 11.8% year over year.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $1,246.19; the company also pays a quarterly dividend of $1.97, yielding 0.8% annually.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,920 shares of the construction company's stock, valued at approximately $22,567,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of URI. Clal Insurance Enterprises Holdings Ltd acquired a new stake in United Rentals during the 2nd quarter valued at approximately $29,000. MidFirst Bank acquired a new stake in shares of United Rentals in the second quarter worth $31,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals during the fourth quarter worth $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals during the fourth quarter worth $28,000. Finally, Bell Investment Advisors Inc acquired a new position in United Rentals during the second quarter valued at $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Down 0.0%

URI stock opened at $1,009.78 on Tuesday. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. 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 firm has a market cap of $62.85 billion, a P/E ratio of 24.25, a PEG ratio of 1.49 and a beta of 1.79. The company's 50-day simple moving average is $1,085.18 and its 200-day simple moving average is $963.37.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly 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 firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.United Rentals's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.47 EPS. As a group, equities analysts forecast that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals's dividend payout ratio (DPR) is currently 18.92%.

Insider Buying and Selling

In other United Rentals news, EVP William Grace sold 1,500 shares of the company's stock in a transaction on 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 directly owned 6,062 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

URI has been the topic of several recent research reports. Citigroup upped their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a "buy" rating in a report on Friday, July 24th. Wells Fargo & Company lifted their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the company an "overweight" rating in a research note on Friday, July 24th. KeyCorp restated an "overweight" rating and issued a $1,350.00 target price on shares of United Rentals in a research note on Friday, July 24th. UBS Group raised their target price on United Rentals from $1,300.00 to $1,350.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Wall Street Zen upgraded United Rentals from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and a consensus price target of $1,246.19.

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.

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