Aigen Investment Management LP Takes Position in United Rentals, Inc. $URI

Aigen Investment Management LP purchased a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,406 shares of the construction company’s stock, valued at approximately $2,757,000. United Rentals accounts for 0.6% of Aigen Investment Management LP’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors also recently modified their holdings of URI. Aventura Private Wealth LLC bought a new position in shares of United Rentals in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter worth $28,000. Abich Financial Wealth Management LLC bought a new position in United Rentals during the third quarter worth $29,000. Board of the Pension Protection Fund bought a new position in United Rentals during the fourth quarter worth $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter worth $32,000. Institutional investors 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 548 shares of United Rentals stock in a transaction 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 in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares in the company, valued at $14,227,362. This represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,088 shares of company stock worth $25,628,877 over the last three months. 0.47% of the stock is currently owned by corporate insiders.

United Rentals Stock Up 0.7%

URI opened at $1,076.03 on Friday. United Rentals, Inc. has a fifty-two week low of $682.08 and a fifty-two week high of $1,106.88. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The firm’s fifty day moving average price is $920.44 and its two-hundred day moving average price is $862.24. The company has a market capitalization of $67.41 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.70 and a beta of 1.81.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $8.86 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is currently 20.10%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on URI. Royal Bank Of Canada boosted their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Citigroup boosted their target price on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Barclays boosted their target price on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,045.81.

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.