United Rentals, Inc. $URI Stake Boosted by D.A. Davidson & CO.

Key Points

• D.A. Davidson increased its United Rentals stake by 17.2% in the third quarter, bringing its holdings to 7,059 shares valued at approximately $7.1 million. Institutional investors and hedge funds collectively own 96.26% of URI.
• United Rentals reported stronger-than-expected quarterly results, with EPS of $15.55 and revenue of $4.89 billion; revenue rose 15.7% year over year. Analysts expect full-year EPS of $50.83.
• The company declared a quarterly dividend of $1.97 per share, equal to a $7.88 annualized payout and 0.7% yield. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $1,288.19 versus the reported share price of $1,167.43.

D.A. Davidson & CO. raised its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 17.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,059 shares of the construction company's stock after purchasing an additional 1,036 shares during the period. D.A. Davidson & CO.'s holdings in United Rentals were worth $7,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of URI. Cidel Asset Management Inc. raised its stake in United Rentals by 2.4% during the second quarter. Cidel Asset Management Inc. now owns 425 shares of the construction company's stock worth $481,000 after acquiring an additional 10 shares during the period. SBI Securities Co. Ltd. boosted its stake in United Rentals by 3.1% in the third quarter. SBI Securities Co. Ltd. now owns 331 shares of the construction company's stock valued at $331,000 after acquiring an additional 10 shares during the period. PFG Investments LLC grew its holdings in shares of United Rentals by 0.9% during the first 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 holdings in shares of United Rentals by 16.9% during the second quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock valued at $86,000 after purchasing an additional 11 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of United Rentals by 0.8% during the first quarter. Parallel Advisors LLC now owns 1,485 shares of the construction company's stock valued at $1,082,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI opened at $1,167.43 on Friday. The business's 50-day moving average is $1,049.13 and its 200-day moving average is $970.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.80 and a quick ratio of 0.73. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.70 and a beta of 1.83. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,202.12.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, beating analysts' consensus estimates of $13.97 by $1.58. United Rentals had a net margin of 16.33% and a return on equity of 33.47%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm posted $11.70 earnings per share. The firm's revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that United Rentals, Inc. will post 50.83 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. United Rentals's dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of recent research reports. Wall Street Zen upgraded United Rentals from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Morgan Stanley boosted their price target on shares of United Rentals from $1,335.00 to $1,350.00 and gave the company an "overweight" rating in a report on Friday, October 23rd. Bank of America restated a "buy" rating on shares of United Rentals in a research report on Thursday, October 22nd. Barclays upped their price target on shares of United Rentals from $715.00 to $950.00 and gave the stock an "underweight" rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein set a $1,258.00 price objective on shares of United Rentals in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,288.19.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.

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