Todd Asset Management LLC Has $41.67 Million Holdings in United Rentals, Inc. (NYSE:URI)

Key Points

• Todd Asset Management LLC reduced its stake in United Rentals, Inc. by 39.1% in the first quarter, now holding 66,486 shares valued at approximately $41.67 million.
• United Rentals reported $10.47 EPS for its latest quarter, falling short of the analyst consensus estimate of $10.54, while its revenue increased 4.5% year-over-year to $3.94 billion.
• The company announced a quarterly dividend of $1.79 per share, yielding 0.8%, with the next payment scheduled for August 27th to investors recorded by August 13th.

Todd Asset Management LLC lessened its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 39.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,486 shares of the construction company's stock after selling 42,616 shares during the quarter. Todd Asset Management LLC owned 0.10% of United Rentals worth $41,667,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in URI. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals during the 1st quarter worth $26,000. TruNorth Capital Management LLC grew its stake in United Rentals by 1,266.7% in the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after buying an additional 20 shares during the last quarter. Grove Bank & Trust acquired a new position in United Rentals in the 1st quarter valued at $36,000. Finally, NBC Securities Inc. acquired a new position in United Rentals in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on URI. JPMorgan Chase & Co. raised their target price on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Barclays raised their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Bank of America increased their price target on shares of United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup restated a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Finally, KeyCorp increased their target price on shares of United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Price Performance

URI stock traded down $7.95 during trading on Friday, hitting $913.50. 187,908 shares of the stock traded hands, compared to its average volume of 651,340. United Rentals, Inc. has a one year low of $525.91 and a one year high of $933.32. The stock has a market cap of $58.77 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 2.15 and a beta of 1.72. The company has a 50 day simple moving average of $797.45 and a 200 day simple moving average of $707.50. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) 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 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

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.