Aigen Investment Management LP Increases Position in United Rentals, Inc. (NYSE:URI)

Key Points

• Aigen Investment Management LP increased its stake in United Rentals, Inc. by 111.9%, owning 854 shares valued at approximately $535,000 as of the latest reporting period.
• Analysts are generally bullish on United Rentals, with a consensus rating of "Moderate Buy" and an average target price of $834.64, despite a recent downgrade from one firm.
• United Rentals recently announced a quarterly dividend of $1.79, with an annualized yield of 0.8% and a payout ratio of 18.52%.

Aigen Investment Management LP increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 111.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 854 shares of the construction company's stock after buying an additional 451 shares during the period. Aigen Investment Management LP's holdings in United Rentals were worth $535,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC boosted its stake in United Rentals by 32.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after purchasing an additional 550 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $602,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Rentals by 12.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock worth $4,488,000 after buying an additional 789 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of United Rentals by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock worth $543,000 after buying an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $2,966,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of research analyst reports. Barclays boosted their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a report on Friday, June 13th. UBS Group lifted their price target on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, KeyCorp lifted their price target on shares of United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Price Performance

Shares of URI traded down $9.50 during mid-day trading on Thursday, reaching $922.73. 637,743 shares of the stock traded hands, compared to its average volume of 634,379. The firm has a fifty day moving average price of $797.45 and a 200 day moving average price of $707.50. The company has a market cap of $59.37 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.72. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $933.32.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $10.70 earnings per share. As a group, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.8%. United Rentals's payout ratio is 18.52%.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.