Commonwealth Equity Services LLC grew its stake in United Rentals, Inc. (NYSE:URI – Free Report) by 43.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,177 shares of the construction company’s stock after purchasing an additional 13,402 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of United Rentals worth $19,675,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in United Rentals by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,758 shares of the construction company’s stock worth $4,653,000 after acquiring an additional 43 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in United Rentals by 138.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 81 shares of the construction company’s stock worth $32,000 after acquiring an additional 47 shares during the last quarter. Financial Counselors Inc. bought a new position in United Rentals in the 1st quarter valued at $201,000. Vanguard Personalized Indexing Management LLC boosted its position in United Rentals by 2.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,809 shares of the construction company’s stock valued at $2,142,000 after buying an additional 117 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in United Rentals by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 135,000 shares of the construction company’s stock valued at $53,428,000 after buying an additional 3,670 shares during the last quarter. 89.03% of the stock is currently owned by institutional investors.
United Rentals Price Performance
United Rentals stock opened at $471.80 on Tuesday. United Rentals, Inc. has a 12 month low of $325.15 and a 12 month high of $492.33. The stock’s 50 day moving average is $438.75 and its 200-day moving average is $427.65. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.78 and a beta of 1.82.
United Rentals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, November 7th. United Rentals’s dividend payout ratio (DPR) is currently 17.16%.
Analyst Ratings Changes
URI has been the topic of a number of recent research reports. Credit Suisse Group increased their price objective on United Rentals from $482.00 to $521.00 in a research report on Friday, July 28th. Wells Fargo & Company increased their price objective on United Rentals from $490.00 to $495.00 in a research report on Friday, July 28th. Barclays increased their price target on United Rentals from $315.00 to $325.00 and gave the company an “underweight” rating in a research note on Monday, July 31st. KeyCorp increased their price target on United Rentals from $520.00 to $525.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Finally, StockNews.com started coverage on United Rentals in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $455.25.
Insider Activity at United Rentals
In related news, COO Dale A. Asplund sold 14,157 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $475.27, for a total value of $6,728,397.39. Following the completion of the sale, the chief operating officer now directly owns 6,379 shares in the company, valued at $3,031,747.33. The sale was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.
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