X Square Capital LLC Purchases New Stake in United Rentals, Inc. $URI

Key Points

• X Square Capital LLC acquired 5,181 shares of United Rentals valued at approximately $5.87 million, making the stock 1.5% of its portfolio. Institutional investors collectively own 96.26% of URI.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, with revenue up 11.8% year over year. The company also declared a quarterly dividend of $1.97 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,246.19; however, an executive recently sold 1,500 shares for approximately $1.7 million.

X Square Capital LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,181 shares of the construction company's stock, valued at approximately $5,869,000. United Rentals comprises approximately 1.5% of X Square Capital LLC's holdings, making the stock its 11th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. PFG Investments LLC grew its position in shares of United Rentals by 0.9% during the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock valued at $854,000 after acquiring an additional 11 shares during the period. CoreCap Advisors LLC raised its holdings in shares of United Rentals by 16.9% in the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock worth $86,000 after purchasing an additional 11 shares during the period. 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 worth $292,000 after purchasing an additional 11 shares during the period. Legacy Financial Advisors Inc. raised its holdings in shares of United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock worth $260,000 after purchasing an additional 12 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its stake in United Rentals by 2.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company's stock valued at $441,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

United Rentals Stock Performance

Shares of URI stock opened at $1,095.21 on Friday. The firm's 50 day moving average is $1,099.22 and its 200 day moving average is $949.51. The stock has a market capitalization of $68.17 billion, a P/E ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. 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 (NYSE:URI - Get Free Report) last released 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. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business earned $10.47 EPS. United Rentals's revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals's payout ratio is 18.92%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on URI shares. UBS Group increased their price objective on United Rentals from $1,300.00 to $1,350.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Evercore restated an "outperform" rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Wall Street Zen raised United Rentals from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. BNP Paribas Exane upgraded United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 price target for the company in a research note on Monday, June 29th. Finally, Barclays increased their price target on United Rentals from $715.00 to $950.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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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