RedJay Asset Management Inc. Takes $1.25 Million Position in United Rentals, Inc. (NYSE:URI)

RedJay Asset Management Inc. bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 2,000 shares of the construction company's stock, valued at approximately $1,253,000.

A number of other large investors also recently made changes to their positions in URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new stake in United Rentals in the first quarter worth $26,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals in the 4th quarter valued at $27,000. Meeder Asset Management Inc. increased its position in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in United Rentals during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on URI. Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Citigroup restated a "buy" rating and issued a $810.00 target price (up previously from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target on the stock. in a research report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $766.23.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president directly owned 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company's stock.

United Rentals Stock Performance

URI traded up $10.58 on Wednesday, reaching $784.72. The company had a trading volume of 322,354 shares, compared to its average volume of 662,208. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company's fifty day moving average is $696.24 and its 200 day moving average is $682.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market cap of $51.01 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.84 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm earned $9.15 earnings per share. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.91%. United Rentals's payout ratio is 18.54%.

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.