Brown Advisory Inc. Sells 16,618 Shares of United Rentals, Inc. $URI

Brown Advisory Inc. lessened its position in shares of United Rentals, Inc. (NYSE:URI) by 5.6% in the second quarter, Holdings Channel reports. The fund owned 280,003 shares of the construction company’s stock after selling 16,618 shares during the quarter. Brown Advisory Inc.’s holdings in United Rentals were worth $210,954,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of United Rentals in the 2nd quarter worth approximately $776,102,000. JPMorgan Chase & Co. increased its holdings in United Rentals by 71.3% during the second quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after buying an additional 780,322 shares during the last quarter. Nuveen LLC bought a new position in United Rentals in the first quarter worth approximately $402,291,000. Boston Partners boosted its stake in shares of United Rentals by 74.5% during the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company’s stock worth $542,526,000 after acquiring an additional 305,378 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of United Rentals during the 2nd quarter valued at $152,069,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the subject of several analyst reports. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Tuesday, September 23rd. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Robert W. Baird upgraded United Rentals from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $888.00 to $1,050.00 in a research note on Wednesday, October 1st. Evercore ISI reissued an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. Finally, Citigroup restated a “buy” rating on shares of United Rentals in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $968.94.

United Rentals Stock Performance

NYSE:URI opened at $806.18 on Friday. The stock has a 50-day moving average price of $892.11 and a 200 day moving average price of $851.48. The stock has a market capitalization of $51.30 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.84 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $1,021.47. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company earned $11.80 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, November 12th. United Rentals’s payout ratio is currently 18.42%.

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.