7,165 Shares in United Rentals, Inc. $URI Purchased by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors purchased 7,165 United Rentals shares during the second quarter, valued at approximately $8.1 million. Institutional investors collectively own 96.26% of the company.
• Analysts remain broadly bullish: United Rentals has an average “Moderate Buy” rating and a consensus price target of $1,246.19, with several firms recently raising ratings or targets.
• 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, equivalent to a 0.8% annualized yield.

Beacon Pointe Advisors LLC purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,165 shares of the construction company's stock, valued at approximately $8,112,000.

Several other large investors also recently bought and sold shares of URI. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in United Rentals in the fourth quarter valued at approximately $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in United Rentals during the 2nd quarter worth about $29,000. MidFirst Bank acquired a new position in shares of United Rentals in the second quarter valued at approximately $31,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of United Rentals during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of United Rentals 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 in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented 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 price objective on the stock in a research report on Monday, June 29th. Weiss Ratings raised United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. Zacks Research upgraded United Rentals from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Raymond James Financial reissued an "outperform" rating and set a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. Finally, Bank of America upped their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of "Moderate Buy" and an average target price of $1,246.19.

United Rentals Trading Down 0.7%

Shares of URI stock opened at $1,030.64 on Friday. The company has a market capitalization of $64.15 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.80. 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 business's 50 day moving average is $1,097.31 and its two-hundred day moving average is $957.16. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18.

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

United Rentals Dividend Announcement

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

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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