Candriam S.C.A. Grows Position in United Rentals, Inc. $URI

Candriam S.C.A. raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,992 shares of the construction company’s stock after purchasing an additional 711 shares during the period. Candriam S.C.A.’s holdings in United Rentals were worth $8,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of URI. Aventura Private Wealth LLC bought a new position in shares of United Rentals in the fourth quarter worth about $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the 4th quarter valued at approximately $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals during the 4th quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new stake in United Rentals in the 4th quarter worth approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.1%

NYSE URI opened at $1,096.69 on Monday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock has a market cap of $68.70 billion, a PE ratio of 27.98, a P/E/G ratio of 1.75 and a beta of 1.79. The stock’s 50 day moving average is $1,029.74 and its 200 day moving average is $902.60.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $8.86 earnings per share. Research analysts predict that United Rentals, Inc. will post 46.7 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

Analyst Ratings Changes

A number of research firms have commented on URI. Evercore restated an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Barclays increased their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. KeyCorp raised their price objective on shares of United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada upped 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 report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,124.69.

Insider Activity at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals 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.