Frank Rimerman Advisors LLC Takes $313,000 Position in United Rentals, Inc. (NYSE:URI)

Key Points

• Frank Rimerman Advisors LLC purchased 500 shares of United Rentals, Inc. for approximately $313,000 in the first quarter, indicating growing institutional interest in the company.
• Analyst targets for United Rentals have been raised significantly, with multiple firms increasing their price objectives, reflecting a consensus rating of "Moderate Buy".
• United Rentals recently declared a quarterly dividend of $1.79 per share, representing an annual yield of 0.8% and showcasing the company’s commitment to returning value to shareholders.

Frank Rimerman Advisors LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 500 shares of the construction company's stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of United Rentals by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock worth $4,651,390,000 after buying an additional 29,501 shares in the last quarter. Capital World Investors lifted its stake in shares of United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after buying an additional 323,636 shares in the last quarter. Capital International Investors lifted its stake in shares of United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after buying an additional 305,491 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in United Rentals by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 914,014 shares of the construction company's stock worth $643,896,000 after purchasing an additional 11,529 shares during the period. Finally, GAMMA Investing LLC raised its stake in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

Shares of NYSE:URI traded down $9.50 on Thursday, reaching $922.73. 637,743 shares of the company were exchanged, compared to its average volume of 654,412. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $933.32. The firm has a market cap of $59.37 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.12 and a beta of 1.72. The company has a 50-day moving average of $792.97 and a 200-day moving average of $706.45.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. United Rentals's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $10.70 earnings per share. Equities analysts forecast 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. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio is presently 18.52%.

Analysts Set New Price Targets

A number of brokerages have commented on URI. Robert W. Baird lifted their target price on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Barclays lifted their target price on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Morgan Stanley lifted their target price on shares of United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. The Goldman Sachs Group lifted their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $834.64.

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.