Stonehage Fleming Financial Services Holdings Ltd Purchases New Stake in United Rentals, Inc. $URI

Key Points

• Stonehage Fleming Financial Services Holdings purchased 1,615 United Rentals shares worth approximately $1.83 million during the second quarter. Institutional investors collectively own 96.26% of the company.
• United Rentals reported quarterly EPS of $12.76, beating estimates by $1.23, while revenue rose 11.8% year over year to $4.41 billion. The company also paid a quarterly dividend of $1.97, equivalent to an annualized yield of 0.8%.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,246.19; the stock recently traded at $1,038.12. Separately, EVP William E. Grace sold 1,500 shares at an average price of $1,133.15.

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,615 shares of the construction company's stock, valued at approximately $1,830,000.

Other large investors also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in United Rentals in the 2nd quarter valued at approximately $29,000. MidFirst Bank acquired a new stake in shares of United Rentals during the 2nd quarter valued at $31,000. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals during the 4th quarter valued at $28,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of United Rentals during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Down 1.8%

United Rentals stock opened at $1,038.12 on Friday. The firm has a fifty day moving average price of $1,098.25 and a two-hundred day moving average price of $956.65. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The firm has a market cap of $64.61 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.36 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 (NYSE:URI - Get Free Report) last released its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.53 by $1.23. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.47 EPS. As a group, analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is presently 18.92%.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of the firm's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Argus reiterated a "buy" rating and set a $1,250.00 price objective on shares of United Rentals in a report on Tuesday, August 4th. Barclays boosted their target price on United Rentals from $715.00 to $950.00 and gave the company an "underweight" rating in a research note on Friday, July 24th. UBS Group upped their target price on United Rentals from $1,300.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Weiss Ratings raised United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded United Rentals from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,246.19.

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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