Silvant Capital Management LLC Invests $8.17 Million in United Rentals, Inc. $URI

Key Points

• Silvant Capital Management acquired 7,208 United Rentals shares worth approximately $8.17 million, while institutional investors collectively own 96.26% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,246.19; UBS recently raised its target to $1,350.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, up 11.8% year over year. The company also declared a quarterly dividend of $1.97 per share, representing a 0.7% yield.

Silvant Capital Management LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,208 shares of the construction company's stock, valued at approximately $8,166,000.

Other large investors have also bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in United Rentals in the 4th quarter valued at about $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter worth approximately $28,000. MidFirst Bank acquired a new position in shares of United Rentals in the 2nd quarter worth approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $32,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $34,000. Institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on URI shares. Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a report on Friday, July 24th. Wall Street Zen raised United Rentals from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Argus reiterated a "buy" rating and set a $1,250.00 price objective on shares of United Rentals in a research report on Tuesday, August 4th. Evercore reissued an "outperform" rating and set a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Finally, UBS Group lifted their target price on United Rentals from $1,300.00 to $1,350.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,246.19.

Insiders Place Their Bets

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

United Rentals Stock Performance

Shares of URI opened at $1,094.54 on Friday. The company has a 50-day moving average of $1,098.84 and a two-hundred day moving average of $948.49. The stock has a market cap of $68.12 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.44 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,179.18.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the firm earned $10.47 EPS. The firm's quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

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

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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