Alpine Woods Capital Investors LLC Takes Position in United Rentals, Inc. $URI

Key Points

• Alpine Woods Capital Investors acquired 3,079 United Rentals shares valued at approximately $3.49 million, while institutional investors collectively own 96.26% of the company.
• United Rentals reported quarterly earnings of $12.76 per share, exceeding estimates by $1.23, while revenue rose 11.8% year over year to $4.41 billion.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $1,246.19. The company also declared a quarterly dividend of $1.97 per share, representing a 0.7% yield.

Alpine Woods Capital Investors LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,079 shares of the construction company's stock, valued at approximately $3,488,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PFG Investments LLC increased its stake in United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock valued at $854,000 after purchasing an additional 11 shares in the last quarter. CoreCap Advisors LLC raised its stake in United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock worth $86,000 after buying an additional 11 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock worth $292,000 after acquiring an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. lifted its holdings in United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock worth $260,000 after acquiring an additional 12 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its stake in United Rentals by 2.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company's stock valued at $441,000 after acquiring an additional 12 shares during the period. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI opened at $1,117.24 on Wednesday. The business has a fifty day simple moving average of $1,097.10 and a 200 day simple moving average of $943.95. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a market capitalization of $69.54 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.49 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

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

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals's payout ratio is presently 18.92%.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on URI. Raymond James Financial reiterated an "outperform" rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. KeyCorp reaffirmed an "overweight" rating and set a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Wells Fargo & Company increased their price objective on United Rentals from $1,245.00 to $1,355.00 and gave the stock an "overweight" rating in a report on Friday, July 24th. Robert W. Baird set a $1,300.00 target price on United Rentals in a research report on Friday, July 24th. Finally, UBS Group lifted their target price on United Rentals from $1,300.00 to $1,350.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, United Rentals has an average rating of "Moderate Buy" and a consensus target price of $1,246.19.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source