Oakmont Investment Advisors Inc. Takes $1.22 Million Position in United Rentals, Inc. $URI

Key Points

• Oakmont Investment Advisors initiated a $1.22 million position in United Rentals during the second quarter by purchasing 1,075 shares. Institutional investors collectively own 96.26% of the company.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, with revenue up 11.8% year over year.
• Analysts remain broadly bullish, with an average “Moderate Buy” rating and a $1,246.19 price target. The company also pays a quarterly dividend of $1.97, equal to a 0.8% yield.

Oakmont Investment Advisors Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,075 shares of the construction company's stock, valued at approximately $1,218,000.

Other hedge funds also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth $28,000. MV Capital Management Inc. purchased a new stake in United Rentals during the fourth quarter worth $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in United Rentals in the second quarter valued at $29,000. MidFirst Bank acquired a new stake in United Rentals in the second quarter valued at $31,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of United Rentals in the fourth quarter valued at $34,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, EVP William Grace sold 1,500 shares of the business's stock in a transaction dated 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. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

United Rentals Trading Up 1.6%

Shares of URI stock opened at $1,009.78 on Friday. The firm's 50-day simple moving average is $1,087.43 and its 200-day simple moving average is $961.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. The firm has a market cap of $62.85 billion, a P/E ratio of 24.25, a PEG ratio of 1.46 and a beta of 1.79.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals's dividend payout ratio (DPR) is 18.92%.

Wall Street Analyst Weigh In

URI has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $1,100.00 to $1,235.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. Wells Fargo & Company increased their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the company an "overweight" rating in a research report on Friday, July 24th. Morgan Stanley set a $1,335.00 price objective on shares of United Rentals and gave the stock an "overweight" rating in a research note on Friday, July 24th. UBS Group lifted their price objective on United Rentals from $1,300.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,246.19.

About United Rentals

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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