Capital Investment Counsel LLC Acquires Shares of 500 United Rentals, Inc. $URI

Capital Investment Counsel LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 500 shares of the construction company’s stock, valued at approximately $364,000.

Several other large investors have also made changes to their positions in URI. Aventura Private Wealth LLC purchased a new stake in United Rentals in the 4th quarter worth $27,000. Core Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth $28,000. MV Capital Management Inc. purchased a new position in United Rentals during the fourth quarter valued at $28,000. Board of the Pension Protection Fund purchased a new position in United Rentals during the fourth quarter valued at $32,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $32,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock opened at $1,122.26 on Tuesday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The company has a market cap of $70.31 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.77 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The business’s 50 day moving average price is $993.67 and its 200 day moving average price is $884.66.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.98 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%.The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.86 EPS. On average, research analysts predict that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on URI. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a research note on Friday, April 24th. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a report on Monday. Bank of America boosted their price objective on United Rentals from $1,020.00 to $1,195.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Finally, KeyCorp increased their target price on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,096.75.

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

About United Rentals

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.