Prudential PLC Has $13.83 Million Stake in United Rentals, Inc. (NYSE:URI)

Key Points

• Prudential PLC has increased its stake in United Rentals, Inc. by 3.0%, now owning 22,064 shares worth approximately $13.8 million.
• Several hedge funds, including JPMorgan Chase & Co. and Vanguard Group Inc., have also modified their holdings in United Rentals, increasing overall institutional ownership to 96.26%.
• United Rentals reported a quarterly earnings per share of $10.47, slightly below analyst expectations, with revenue growth of 4.5% year-over-year.

Prudential PLC boosted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,064 shares of the construction company's stock after purchasing an additional 640 shares during the quarter. Prudential PLC's holdings in United Rentals were worth $13,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of URI. TruNorth Capital Management LLC increased its holdings in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the period. Fourth Dimension Wealth LLC bought a new position in United Rentals in the 1st quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after buying an additional 20 shares during the period. Grove Bank & Trust bought a new position in United Rentals in the 1st quarter valued at about $36,000. Finally, NBC Securities Inc. bought a new position in United Rentals in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Down 1.0%

URI traded down $9.50 during trading on Thursday, reaching $922.73. 637,743 shares of the company's stock were exchanged, compared to its average volume of 634,379. United Rentals, Inc. has a one year low of $525.91 and a one year high of $933.32. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $59.37 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.15 and a beta of 1.72. The firm has a fifty day moving average price of $797.45 and a two-hundred day moving average price of $707.50.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the firm earned $10.70 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. KeyCorp lifted their price target on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $834.64.

United Rentals Profile

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.