United Rentals, Inc. (NYSE:URI) Shares Bought by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its ownership in United Rentals, Inc. by 4.5%, acquiring an additional 378 shares, resulting in a total of 8,699 shares worth approximately $5.45 million.
• United Rentals reported a quarterly EPS of $10.47, slightly below the consensus estimate of $10.54, while its revenue reached $3.94 billion, exceeding analyst expectations.
• The company recently announced a quarterly dividend of $1.79 per share, translating to an annualized dividend of $7.16 with a yield of 0.81%.

Foster & Motley Inc. increased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,699 shares of the construction company's stock after buying an additional 378 shares during the period. Foster & Motley Inc.'s holdings in United Rentals were worth $5,452,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC purchased a new position in shares of United Rentals in the 1st quarter worth approximately $26,000. TruNorth Capital Management LLC grew its position in shares of United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares during the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of United Rentals in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock traded up $2.57 during midday trading on Thursday, hitting $882.99. 450,849 shares of the stock traded hands, compared to its average volume of 651,595. The stock's fifty day simple moving average is $761.99 and its 200-day simple moving average is $699.75. The firm has a market cap of $56.81 billion, a P/E ratio of 22.83, a PEG ratio of 2.03 and a beta of 1.69. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $903.60. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share 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 analyst estimates 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 was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $10.70 EPS. On average, analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on URI shares. Evercore ISI cut their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Robert W. Baird boosted their target price on shares of 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 downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research report on Friday, June 13th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, KeyCorp boosted their target price on shares of United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $830.71.

Insider Buying and Selling at United Rentals

In other United Rentals 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 transaction of $499,748.88. Following the completion of the transaction, the vice president directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.

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.