Polymer Capital Management HK LTD Invests $1.69 Million in United Rentals, Inc. $URI

Polymer Capital Management HK LTD bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,492 shares of the construction company's stock, valued at approximately $1,690,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. PFG Investments LLC boosted its holdings in United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock valued at $854,000 after purchasing an additional 11 shares during the last quarter. CoreCap Advisors LLC grew its position in United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock worth $86,000 after purchasing an additional 11 shares during the period. Great Valley Advisor Group Inc. raised its stake in shares of United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock valued at $292,000 after buying an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock valued at $260,000 after buying an additional 12 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in shares of United Rentals by 2.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company's stock valued at $441,000 after buying an additional 12 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 0.3%

URI stock opened at $1,095.21 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. The company's 50-day simple moving average is $1,099.22 and its 200-day simple moving average is $950.71. The firm has a market cap of $68.17 billion, a P/E ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80.

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

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore restated an "outperform" rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Wall Street Zen upgraded United Rentals from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Weiss Ratings raised United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. Argus restated a "buy" rating and issued a $1,250.00 price objective on shares of United Rentals in a research report on Tuesday, August 4th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $1,350.00 target price on shares of United Rentals in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell 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 $1,246.19.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,062 shares of the company's stock, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by insiders.

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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