Inscription Capital LLC Takes $689,000 Position in United Rentals, Inc. (NYSE:URI)

Inscription Capital LLC 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 SEC. The firm purchased 1,100 shares of the construction company's stock, valued at approximately $689,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of United Rentals in the fourth quarter worth about $695,716,000. GAMMA Investing LLC grew its stake in United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after purchasing an additional 886,266 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in United Rentals during the 4th quarter worth approximately $330,989,000. Capital World Investors raised its position in shares of United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Finally, Capital International Investors raised its position in shares of United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after purchasing an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on URI shares. Evercore ISI dropped their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. The Goldman Sachs Group boosted their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research note on Wednesday, April 16th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. Finally, Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $753.64.

Insider Activity at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

NYSE:URI traded up $6.61 during mid-day trading on Friday, hitting $705.28. The stock had a trading volume of 714,662 shares, compared to its average volume of 586,801. The company has a 50 day simple moving average of $673.94 and a 200-day simple moving average of $686.88. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The stock has a market capitalization of $45.84 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.71 and a beta of 1.70. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $9.15 earnings per share. On average, research analysts expect 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 was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's payout ratio is currently 18.54%.

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.