Interchange Capital Partners LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Interchange Capital Partners LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 362 shares of the construction company's stock, valued at approximately $227,000.

A number of other hedge funds also recently made changes to their positions in URI. Rialto Wealth Management LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals during the first quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Rentals during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. increased its stake in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares during the period. Finally, OFI Invest Asset Management bought a new position in United Rentals during the 4th quarter worth $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI traded up $13.84 on Wednesday, hitting $805.32. 378,716 shares of the stock traded hands, compared to its average volume of 587,802. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The business's fifty day moving average is $715.77 and its two-hundred day moving average is $684.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The firm has a market capitalization of $52.35 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.93 and a beta of 1.69.

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). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the business posted $9.15 EPS. The company's quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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 0.89%. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Insider Transactions at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred 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 transaction, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on URI shares. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research note on Wednesday, April 16th. Bank of America cut their target price on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Citigroup reaffirmed a "buy" rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a report on Friday, June 13th. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and cut their target price for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $766.23.

United Rentals 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.