Todd Asset Management LLC Sells 42,616 Shares of 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 first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.10% of United Rentals worth $41,667,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of URI. Fourth Dimension Wealth LLC bought a new stake in United Rentals during the 1st quarter valued at $26,000. TruNorth Capital Management LLC increased its stake in United Rentals by 1,266.7% in the first 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 valued at $31,000 after acquiring an additional 20 shares during the last quarter. Grove Bank & Trust purchased a new stake in United Rentals during the first quarter valued at about $36,000. Finally, NBC Securities Inc. purchased a new stake in United Rentals during the first quarter valued at about $40,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the subject of several analyst reports. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Barclays raised their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Argus set a $935.00 target price on United Rentals in a research note on Tuesday. The Goldman Sachs Group raised their target price on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Citigroup reissued a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $834.64.

United Rentals Stock Up 5.5%

URI traded up $47.44 on Tuesday, hitting $917.14. The company had a trading volume of 695,847 shares, compared to its average volume of 643,999. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $918.72. The stock has a fifty day simple moving average of $788.26 and a 200-day simple moving average of $704.88. The firm has a market capitalization of $59.01 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.01 and a beta of 1.72.

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

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

About United Rentals

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.