Pecaut & CO. Purchases New Holdings in United Rentals, Inc. $URI

Key Points

• Pecaut & CO. acquired 1,403 United Rentals shares worth approximately $1.59 million in the second quarter. Institutional investors collectively own 96.26% of the company.
• United Rentals reported quarterly EPS of $12.76, exceeding estimates of $11.53, while revenue rose 11.8% year over year to $4.41 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $1,246.19. The company also declared a quarterly dividend of $1.97 per share, equivalent to a 0.7% yield.

Pecaut & CO. acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,403 shares of the construction company's stock, valued at approximately $1,590,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at $28,000. MV Capital Management Inc. acquired a new position in United Rentals during the fourth quarter valued at $28,000. Laurel Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC purchased a new stake in United Rentals in the 4th quarter worth about $34,000. Finally, Frazier Financial Advisors LLC boosted its position in United Rentals by 33.3% during the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company's stock worth $41,000 after acquiring an additional 14 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore reaffirmed an "outperform" rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. BNP Paribas Exane upgraded shares of United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 price target for the company in a report on Monday, June 29th. Barclays boosted their price objective on shares of United Rentals from $715.00 to $950.00 and gave the company an "underweight" 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 company an "overweight" rating in a research note on Friday, July 24th. Finally, Citigroup lifted their target price on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a "buy" rating in a research note 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and an average target price of $1,246.19.

United Rentals Trading Up 3.1%

NYSE:URI opened at $1,155.25 on Friday. The company has a market capitalization of $71.91 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.44 and a beta of 1.80. The stock's 50 day moving average price is $1,095.03 and its 200 day moving average price is $940.41. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18.

United Rentals (NYSE:URI - Get Free Report) last posted 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. The firm had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $10.47 earnings per share. On average, research analysts forecast that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals's payout ratio is presently 18.92%.

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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