Worldquant Millennium Advisors LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

Worldquant Millennium Advisors LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 78,312 shares of the construction company's stock, valued at approximately $55,166,000. Worldquant Millennium Advisors LLC owned about 0.12% of United Rentals as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in URI. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals in the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its stake in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the period. Hanson & Doremus Investment Management bought a new stake in United Rentals in the 4th quarter valued at $33,000. Finally, Kestra Investment Management LLC bought a new stake in United Rentals in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,908 shares of company stock worth $1,890,567. 0.53% of the stock is currently owned by insiders.

United Rentals Price Performance

Shares of URI stock opened at $724.19 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a market cap of $47.07 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.43 and a beta of 1.70. The business has a fifty day simple moving average of $629.05 and a 200 day simple moving average of $709.03.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $9.15 earnings per share. United Rentals's quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 0.99%. United Rentals's dividend payout ratio is presently 18.54%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup decreased their price objective on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Robert W. Baird upped their price objective on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Cfra Research raised United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Finally, UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the company from $485.00 to $780.00 in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $744.31.

United Rentals Profile

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.

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