QRG Capital Management Inc. Has $17.29 Million Holdings in United Rentals, Inc. (NYSE:URI)

QRG Capital Management Inc. decreased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,590 shares of the construction company's stock after selling 1,839 shares during the period. QRG Capital Management Inc.'s holdings in United Rentals were worth $17,291,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors increased its stake in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after buying an additional 323,636 shares during the last quarter. Geode Capital Management LLC increased its stake in United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after buying an additional 20,401 shares during the last quarter. Alliancebernstein L.P. increased its stake in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after buying an additional 172,340 shares during the last quarter. Franklin Resources Inc. increased its stake in United Rentals by 9.8% in the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock valued at $770,199,000 after buying an additional 97,336 shares during the last quarter. Finally, Capital International Investors increased its stake in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after buying an additional 305,491 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on URI. Bank of America decreased their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a research note on Friday. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and raised their price target for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. Finally, Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research note on Wednesday, April 16th. One 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 stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and an average price target of $753.64.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

United Rentals Stock Down 1.0%

URI opened at $688.08 on Tuesday. The company has a 50 day moving average of $665.72 and a 200 day moving average of $689.00. The company has a market cap of $44.72 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $9.15 earnings per share. The firm's revenue for the quarter was up 6.7% on a year-over-year basis. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.04%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

United Rentals Company 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.

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