Bridgewater Advisors Inc. Makes New $1.01 Million Investment in United Rentals, Inc. $URI

Key Points

• Bridgewater Advisors acquired 912 United Rentals shares during the second quarter, valued at approximately $1.01 million. Institutional investors collectively own 96.26% of the company.
• Analysts remain broadly bullish, with one Strong Buy, 16 Buy, and one Sell rating; the stock has an average “Moderate Buy” rating and a consensus price target of $1,246.19.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, up 11.8% year over year. The company also declared a quarterly dividend of $1.97 per share, equivalent to a 0.7% annualized yield.

Bridgewater Advisors Inc. acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 912 shares of the construction company's stock, valued at approximately $1,015,000.

Several other hedge funds also recently modified their holdings of URI. Core Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals during the 4th quarter worth approximately $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of United Rentals during the 4th quarter worth approximately $32,000. Hilton Head Capital Partners LLC bought a new stake in shares of United Rentals during the 4th quarter worth approximately $34,000. Finally, Sunbelt Securities Inc. raised its stake in shares of United Rentals by 2,300.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 48 shares of the construction company's stock worth $46,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BNP Paribas Exane raised United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 price objective for the company in a report on Monday, June 29th. Weiss Ratings upgraded shares of United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on shares of United Rentals from $1,245.00 to $1,355.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an "outperform" rating and issued a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Finally, Barclays raised their target price on shares of United Rentals from $715.00 to $950.00 and gave the company an "underweight" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $1,246.19.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares of the company's stock, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by company insiders.

United Rentals Stock Up 3.1%

United Rentals stock opened at $1,155.25 on Friday. The stock has a market cap of $71.90 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.49 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The company's 50-day moving average price is $1,095.03 and its two-hundred day moving average price is $940.41.

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

United Rentals Dividend Announcement

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

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.

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