Capital Asset Advisory Services LLC Takes Position in United Rentals, Inc. $URI

Capital Asset Advisory Services LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 526 shares of the construction company’s stock, valued at approximately $383,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of United Rentals in the 4th quarter worth $978,017,000. Capital International Investors lifted its holdings in United Rentals by 22.8% in the third quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after acquiring an additional 631,484 shares during the period. Corient Private Wealth LLC boosted its position in United Rentals by 1,667.4% in the fourth quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after purchasing an additional 324,503 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in United Rentals by 3,459.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after purchasing an additional 191,162 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,100.43 on Friday. The company has a market capitalization of $68.94 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.78 and a beta of 1.79. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,143.69. The firm’s 50 day simple moving average is $1,012.30 and its two-hundred day simple moving average is $890.88. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

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 firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $8.86 earnings per share. Research analysts expect that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on URI shares. 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. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Royal Bank Of Canada lifted their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. BNP Paribas Exane raised shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective for the company in a research report on Monday. Finally, Bank of America raised their target price on United Rentals from $1,020.00 to $1,195.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,119.69.

Insiders Place Their Bets

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

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.