First Trust Advisors LP Has $30.96 Million Position in United Rentals, Inc. $URI

First Trust Advisors LP lowered its stake in shares of United Rentals, Inc. (NYSE:URI) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,095 shares of the construction company’s stock after selling 4,551 shares during the quarter. First Trust Advisors LP’s holdings in United Rentals were worth $30,961,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of URI. Loomis Sayles & Co. L P bought a new position in shares of United Rentals during the 2nd quarter worth approximately $28,000. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals in the 1st quarter valued at $30,000. Maseco LLP bought a new stake in United Rentals during the 2nd quarter worth about $32,000. Trust Co. of Toledo NA OH acquired a new position in United Rentals in the second quarter valued at approximately $38,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of United Rentals by 103.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after purchasing an additional 28 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of United Rentals stock opened at $813.32 on Thursday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The business has a 50-day simple moving average of $879.59 and a 200 day simple moving average of $854.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84. The firm has a market capitalization of $51.75 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.79 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.80 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 annualized dividend and a dividend yield of 0.9%. United Rentals’s dividend payout ratio is presently 18.42%.

Analyst Ratings Changes

Several equities analysts recently issued reports on URI shares. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of United Rentals in a research report on Wednesday, October 8th. KeyCorp restated an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. UBS Group restated a “neutral” rating and issued a $1,025.00 price target on shares of United Rentals in a research note on Tuesday, October 28th. Finally, Citigroup restated a “buy” rating on shares of United Rentals in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $968.94.

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.