Kendall Capital Management Invests $2.36 Million in United Rentals, Inc. $URI

Key Points

• Kendall Capital Management purchased 2,087 United Rentals shares worth approximately $2.36 million during the second quarter. Institutional investors collectively own 96.26% of the company.
• United Rentals exceeded quarterly expectations, reporting adjusted EPS of $12.76 versus the $11.53 consensus and revenue of $4.41 billion, up 11.8% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,246.19. The company also declared a quarterly dividend of $1.97 per share.

Kendall Capital Management purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,087 shares of the construction company's stock, valued at approximately $2,364,000.

Several other large investors have also modified their holdings of URI. MidFirst Bank acquired a new position in shares of United Rentals in the 2nd quarter worth $31,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter worth approximately $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals in the fourth quarter worth approximately $28,000. Bell Investment Advisors Inc acquired a new stake in shares of United Rentals during the second quarter valued at approximately $40,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $32,000. 96.26% of the stock is owned by institutional investors.

Insider Transactions at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company's stock.

United Rentals Stock Down 0.0%

United Rentals stock opened at $1,095.21 on Friday. The firm has a market cap of $68.17 billion, a PE ratio of 26.30, a P/E/G ratio of 1.42 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. The firm's 50 day moving average price is $1,099.22 and its two-hundred day moving average price is $949.51. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18.

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

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on URI. Barclays raised their price objective on shares of United Rentals from $715.00 to $950.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. Zacks Research raised shares of United Rentals from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Weiss Ratings upgraded United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. Raymond James Financial reaffirmed an "outperform" rating and issued a $1,275.00 target price on shares of United Rentals in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lifted their price target on United Rentals from $1,100.00 to $1,235.00 and gave the company an "overweight" rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,246.19.

United Rentals Company 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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