LGT Fund Management Co Ltd. Has $702,000 Holdings in United Rentals, Inc. (NYSE:URI)

Key Points

• LGT Fund Management Co Ltd. increased its stake in United Rentals, Inc. by 67.2%, owning 1,120 shares valued at $702,000 as of the last quarter.
• Despite a missed earnings estimate of $10.47 per share compared to the expected $10.54, United Rentals reported a revenue of $3.94 billion for the quarter, exceeding forecasts.
• Analysts have adjusted their price targets for United Rentals, with Morgan Stanley setting a new target of $955.00 and most analysts providing an average target of $834.64, indicating a consensus of a "Moderate Buy" rating.

LGT Fund Management Co Ltd. boosted its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 67.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,120 shares of the construction company's stock after purchasing an additional 450 shares during the period. LGT Fund Management Co Ltd.'s holdings in United Rentals were worth $702,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in United Rentals by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,422,036 shares of the construction company's stock valued at $4,651,390,000 after buying an additional 29,501 shares during the period. Capital World Investors raised its stake in United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after buying an additional 323,636 shares during the period. JPMorgan Chase & Co. raised its stake in United Rentals by 98.1% in the first quarter. JPMorgan Chase & Co. now owns 1,093,805 shares of the construction company's stock valued at $685,488,000 after buying an additional 541,579 shares during the period. Capital International Investors raised its stake in United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after buying an additional 305,491 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in United Rentals by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 914,014 shares of the construction company's stock valued at $643,896,000 after buying an additional 11,529 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the topic of several research analyst reports. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. JPMorgan Chase & Co. upped their target price on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. KeyCorp upped their target price on United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley upped their target price on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group upped their target price on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $834.64.

United Rentals Price Performance

Shares of URI stock traded down $9.50 during trading on Thursday, hitting $922.73. The company had a trading volume of 637,743 shares, compared to its average volume of 634,379. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. The firm has a market capitalization of $59.37 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.72. The stock's 50-day moving average price is $797.45 and its 200 day moving average price is $707.50. United Rentals, Inc. has a one year low of $525.91 and a one year high of $933.32.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $10.70 earnings per share. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

About United Rentals

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.