Factorial Partners LLC Has $6.88 Million Stake in United Rentals, Inc. $URI

Factorial Partners LLC cut its position in United Rentals, Inc. (NYSE:URI) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,500 shares of the construction company’s stock after selling 790 shares during the quarter. United Rentals makes up approximately 4.5% of Factorial Partners LLC’s investment portfolio, making the stock its 4th largest holding. Factorial Partners LLC’s holdings in United Rentals were worth $6,879,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new position in United Rentals in the fourth quarter worth about $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter valued at about $28,000. Abich Financial Wealth Management LLC purchased a new position in shares of United Rentals in the 3rd quarter valued at approximately $29,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $32,000. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the sale, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This trade represents a 22.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,088 shares of company stock worth $25,628,877 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of several research analyst reports. KeyCorp increased their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Barclays increased their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. Citigroup increased their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,006.13.

United Rentals Price Performance

Shares of NYSE:URI opened at $998.03 on Tuesday. The company has a market cap of $62.53 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.58 and a beta of 1.81. United Rentals, Inc. has a twelve month low of $681.98 and a twelve month high of $1,021.47. The company’s 50 day moving average is $860.45 and its 200 day moving average is $846.62. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $8.86 EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 47.07 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

United Rentals Company 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.