Russell Investments Group Ltd. Raises Stake in United Rentals, Inc. (NYSE:URI)

Russell Investments Group Ltd. lifted its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 68,042 shares of the construction company's stock after purchasing an additional 1,316 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of United Rentals worth $42,656,000 as of its most recent filing with the SEC.

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

United Rentals Trading Down 1.0%

Shares of URI stock opened at $922.73 on Friday. The stock has a 50-day simple moving average of $797.45 and a 200 day simple moving average of $707.50. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $933.32. The stock has a market capitalization of $59.37 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.15 and a beta of 1.72. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34.

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

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is 18.52%.

Analyst Ratings Changes

URI has been the topic of several analyst reports. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. Evercore ISI dropped their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Robert W. Baird increased their target price on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Citigroup reissued a "buy" rating and set a $810.00 price target (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus price target of $834.64.

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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