Vise Technologies Inc. Acquires 888 Shares of United Rentals, Inc. $URI

Key Points

• Vise Technologies increased its United Rentals stake by 8.2% in the third quarter, purchasing 888 additional shares and bringing its total holdings to 11,708 shares valued at $11.7 million.
• Institutional ownership remains very high at 96.26%, with major investors including BlackRock, Bank of America and Bank of New York Mellon holding significant positions.
• United Rentals reported stronger-than-expected quarterly results, with EPS of $15.55 and revenue of $4.89 billion, while analysts maintain a “Moderate Buy” consensus and an average price target of $1,288.19. The company also declared a quarterly dividend of $1.97 per share.

Vise Technologies Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,708 shares of the construction company's stock after purchasing an additional 888 shares during the period. Vise Technologies Inc.'s holdings in United Rentals were worth $11,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in United Rentals during the second quarter valued at approximately $5,816,326,000. International Assets Investment Management LLC grew its position in United Rentals by 88,861.4% in the third quarter. International Assets Investment Management LLC now owns 1,499,000 shares of the construction company's stock worth $1,545,000 after buying an additional 1,497,315 shares during the last quarter. Bank of America Corp DE acquired a new position in United Rentals in the second quarter worth approximately $944,196,000. The Manufacturers Life Insurance Company bought a new position in shares of United Rentals in the second quarter valued at $716,129,000. Finally, Bank of New York Mellon Corp bought a new position in shares of United Rentals in the second quarter valued at $412,860,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Down 0.2%

Shares of NYSE:URI opened at $1,167.43 on Monday. The firm has a 50 day simple moving average of $1,049.13 and a 200 day simple moving average of $970.70. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,202.12. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.80. The company has a market cap of $72.29 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.65 and a beta of 1.82.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The construction company reported $15.55 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $4.71 billion. During the same period in the previous year, the company posted $11.70 EPS. The company's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, research analysts expect that United Rentals, Inc. will post 51.17 earnings per share for the current year.

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on URI shares. Zacks Research upgraded United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 22nd. Citigroup restated a "buy" rating on shares of United Rentals in a report on Monday, September 14th. Sanford C. Bernstein set a $1,258.00 target price on United Rentals in a research report on Friday, October 23rd. Barclays upped their target price on United Rentals from $715.00 to $950.00 and gave the company an "underweight" rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada upped their target price on United Rentals from $1,323.00 to $1,392.00 and gave the company an "outperform" rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,288.19.

United Rentals 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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