United Capital Financial Advisors LLC Buys Shares of 2,791 United Rentals, Inc. $URI

Key Points

• United Capital Financial Advisors purchased 2,791 United Rentals shares in the second quarter, worth approximately $3.16 million. Institutional investors collectively own 96.26% of the company.
• Analyst sentiment is largely positive: United Rentals has a consensus “Moderate Buy” rating, with an average price target of $1,246.19; several firms recently raised targets to between $1,300 and $1,330.
• 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 paid a quarterly dividend of $1.97 per share, representing a 0.8% annualized yield.

United Capital Financial Advisors LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,791 shares of the construction company's stock, valued at approximately $3,162,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of United Rentals during the second quarter worth about $29,000. MidFirst Bank purchased a new position in shares of United Rentals in the 2nd quarter worth about $31,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals during the 4th quarter valued at about $28,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of United Rentals during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Activity at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the business's stock in a transaction on Friday, July 24th. The shares were 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 directly owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. Zacks Research upgraded shares of United Rentals from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings raised shares of United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 23rd. Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research report on Friday, July 24th. Bank of America boosted their price target on shares of United Rentals from $1,195.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Citigroup upped their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a "buy" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of "Moderate Buy" and an average target price of $1,246.19.

United Rentals Stock Performance

Shares of NYSE:URI opened at $1,030.64 on Friday. The company has a market cap of $64.15 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.80. The company has a 50-day moving average price of $1,097.31 and a 200-day moving average price of $957.16. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.

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

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals's payout ratio 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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