Asset Management One Co. Ltd. Purchases 1,058 Shares of United Rentals, Inc. (NYSE:URI)

Asset Management One Co. Ltd. raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,598 shares of the construction company's stock after buying an additional 1,058 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of United Rentals worth $24,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors lifted its position in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after buying an additional 323,636 shares during the period. Geode Capital Management LLC lifted its position in United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after buying an additional 20,401 shares during the period. Alliancebernstein L.P. lifted its position in United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after buying an additional 172,340 shares during the period. Franklin Resources Inc. lifted its position in United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock valued at $770,199,000 after buying an additional 97,336 shares during the period. Finally, Capital International Investors lifted its position in United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after buying an additional 305,491 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective for the company in a research report on Wednesday, April 16th. Robert W. Baird lifted their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a research report on Friday, June 13th. Cfra Research raised United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $765.07.

United Rentals Price Performance

NYSE URI opened at $737.12 on Thursday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The stock has a 50-day moving average of $682.25 and a 200 day moving average of $684.21. The company has a market capitalization of $47.91 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.81 and a beta of 1.70. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. United Rentals's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.15 earnings per share. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. United Rentals's dividend payout ratio is currently 18.54%.

Insider Buying and Selling 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 transaction of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

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