XTX Topco Ltd Buys 1,760 Shares of United Rentals, Inc. (NYSE:URI)

Key Points

• XTX Topco Ltd increased its holdings in United Rentals, Inc. by 107.4%, acquiring an additional 1,760 shares, bringing its total to 3,399 shares valued at approximately $2.13 million.
• Multiple institutional investors have shown significant interest in United Rentals, with over 96% of the stock currently owned by institutional investors.
• United Rentals announced a quarterly dividend of $1.79 per share, set to be paid on August 27th, with an annualized yield of 0.81%.

XTX Topco Ltd boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 107.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,399 shares of the construction company's stock after purchasing an additional 1,760 shares during the period. XTX Topco Ltd's holdings in United Rentals were worth $2,130,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals during the first quarter worth $26,000. TruNorth Capital Management LLC lifted its position in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after acquiring an additional 20 shares in the last quarter. Finally, Grove Bank & Trust purchased a new stake in shares of United Rentals during the first quarter worth $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president owned 1,921 shares of the company's stock, valued at $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on URI shares. KeyCorp increased their target price on United Rentals from $865.00 to $960.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley increased their target price on United Rentals from $702.00 to $955.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays increased their target price on United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Bank of America increased their price objective on United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $830.71.

United Rentals Price Performance

URI traded down $23.18 during trading on Friday, reaching $859.77. The stock had a trading volume of 655,436 shares, compared to its average volume of 656,993. The stock has a market cap of $55.32 billion, a PE ratio of 22.23, a PEG ratio of 2.04 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a one year low of $525.91 and a one year high of $903.60. The business has a 50-day moving average of $765.18 and a 200-day moving average of $700.65.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $10.70 EPS. As a group, equities research analysts anticipate 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, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's dividend payout ratio is currently 18.52%.

United Rentals Company 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.