National Bank of Canada FI Has $30.15 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

Key Points

• National Bank of Canada FI increased its stake in United Rentals, owning a total of 48,077 shares after acquiring an additional 6,657 shares, valued at approximately $30.15 million.
• Institutional investors collectively own 96.26% of United Rentals stock, indicating strong institutional confidence in the company.
• United Rentals reported a quarterly EPS of $10.47, which missed analysts' expectations by $0.07, despite revenues surpassing estimates at $3.94 billion.

National Bank of Canada FI raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,077 shares of the construction company's stock after buying an additional 6,657 shares during the period. National Bank of Canada FI owned about 0.07% of United Rentals worth $30,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of URI. Vanguard Group Inc. increased its holdings 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 valued at $4,651,390,000 after purchasing an additional 29,501 shares in the last quarter. Capital World Investors boosted 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 acquiring an additional 323,636 shares during the last quarter. Capital International Investors boosted 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 acquiring an additional 305,491 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 acquiring an additional 11,529 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in United Rentals by 77,674.5% in the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after acquiring an additional 886,266 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Up 5.5%

URI traded up $47.44 during trading on Tuesday, hitting $917.14. The company had a trading volume of 695,847 shares, compared to its average volume of 643,999. The company has a market capitalization of $59.01 billion, a PE ratio of 23.72, a PEG ratio of 2.01 and a beta of 1.72. United Rentals, Inc. has a one year low of $525.91 and a one year high of $918.72. The firm's 50-day moving average price is $788.26 and its 200 day moving average price is $704.88. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

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). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the firm posted $10.70 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group raised their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. KeyCorp raised their price objective on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Robert W. Baird raised their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, The Goldman Sachs Group raised their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $834.64.

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.