Alberta Investment Management Corp Has $815,000 Stock Position in United Rentals, Inc. (NYSE:URI)

Key Points

• Alberta Investment Management Corp reduced its holdings in United Rentals by 38.1%, selling 800 shares and leaving it with 1,300 shares valued at approximately $815,000.
• During the 1st quarter, a significant number of institutional investors increased their stakes in United Rentals, with 96.26% of the stock now owned by institutional entities.
• United Rentals recently declared a quarterly dividend of $1.79, representing a 0.8% yield, and had a revenue increase of 4.5% compared to the same quarter last year.

Alberta Investment Management Corp lessened its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 38.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,300 shares of the construction company's stock after selling 800 shares during the period. Alberta Investment Management Corp's holdings in United Rentals were worth $815,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Forum Financial Management LP lifted its stake in United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after buying an additional 14 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after buying an additional 17 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of United Rentals by 3.6% in the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC increased its position in United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after purchasing an additional 18 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in shares of United Rentals by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock valued at $307,000 after purchasing an additional 19 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Trading Down 0.7%

NYSE URI traded down $6.03 during trading hours on Thursday, hitting $855.23. 333,187 shares of the company's stock were exchanged, compared to its average volume of 658,856. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $903.60. The firm has a market capitalization of $55.03 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.00 and a beta of 1.72. The business's 50 day moving average is $774.58 and its 200-day moving average is $702.91.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $1.79 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. KeyCorp raised their target price on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Barclays upped their price objective on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday, July 21st. UBS Group upped their price target on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Citigroup reissued a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $830.71.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president owned 1,921 shares of the company's stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.53% of the company's stock.

About United Rentals

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.