ASR Vermogensbeheer N.V. Acquires New Position in United Rentals, Inc. (NYSE:URI)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in United Rentals, Inc., purchasing 10,799 shares valued at approximately $6.77 million during the first quarter.
• Wall Street analysts have varied opinions on United Rentals, with target prices ranging from $565 to $955, resulting in a consensus rating of "Moderate Buy" and an average target price of $830.71.
• United Rentals recently announced a quarterly dividend of $1.79 per share, which is set to be paid on August 27th, reflecting a 0.8% dividend yield and an 18.52% payout ratio.

ASR Vermogensbeheer N.V. purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,799 shares of the construction company's stock, valued at approximately $6,767,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC boosted its holdings in United Rentals by 32.9% in 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 period. Dynamic Advisor Solutions LLC purchased a new stake in shares of United Rentals in the 1st quarter worth about $602,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United Rentals by 12.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,160 shares of the construction company's stock valued at $4,488,000 after buying an additional 789 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of United Rentals by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the construction company's stock worth $543,000 after acquiring an additional 433 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of United Rentals in the first quarter worth $2,966,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction on Monday, May 12th. The shares were 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 in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on URI. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. Evercore ISI lowered their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Robert W. Baird raised their target price on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley upped their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Barclays boosted their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $830.71.

United Rentals Stock Up 0.5%

Shares of URI traded up $4.38 during mid-day trading on Friday, hitting $858.99. 273,017 shares of the company's stock were exchanged, compared to its average volume of 666,507. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $903.60. The stock's 50-day moving average is $780.39 and its 200-day moving average is $703.98. The company has a market cap of $55.27 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.97 and a beta of 1.72. 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 (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.70 EPS. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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