United Rentals, Inc. $URI Shares Sold by Formuepleje A S

Key Points

• Formuepleje A S reduced its United Rentals stake by 79.7% in the second quarter, selling 2,850 shares and retaining 725 shares worth approximately $821,000. Institutional investors and hedge funds still own 96.26% of the company.
• United Rentals reported quarterly EPS of $12.76, exceeding estimates by $1.23, while revenue rose 11.8% year over year to $4.41 billion. The company also pays a quarterly dividend of $1.97 per share, representing an annualized yield of 0.8%.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,246.19, above the reported share price of $1,009.78.

Formuepleje A S trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 79.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 725 shares of the construction company's stock after selling 2,850 shares during the period. Formuepleje A S's holdings in United Rentals were worth $821,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. PFG Investments LLC increased its holdings in United Rentals by 0.9% in the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock valued at $854,000 after purchasing an additional 11 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of United Rentals by 16.9% in the second quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock valued at $86,000 after buying an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock valued at $292,000 after buying an additional 11 shares during the period. Legacy Financial Advisors Inc. lifted its stake in United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock worth $260,000 after acquiring an additional 12 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in United Rentals by 2.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company's stock valued at $441,000 after acquiring an additional 12 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Down 0.0%

Shares of United Rentals stock opened at $1,009.78 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. The company has a market capitalization of $62.85 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.49 and a beta of 1.79. The company has a 50 day moving average of $1,087.43 and a 200 day moving average of $962.34.

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

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a dividend of $1.97 per share. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals's payout ratio is presently 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, EVP William Grace sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URI. KeyCorp reissued an "overweight" rating and set a $1,350.00 price target on shares of United Rentals in a research report on Friday, July 24th. Argus restated a "buy" rating and issued a $1,250.00 price objective on shares of United Rentals in a report on Tuesday, August 4th. Wells Fargo & Company upped their target price on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Citigroup raised 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. Finally, UBS Group boosted their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average price target of $1,246.19.

United Rentals 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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