Epoch Investment Partners Inc. Decreases Stock Holdings in United Rentals, Inc. $URI

Epoch Investment Partners Inc. lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 82,905 shares of the construction company’s stock after selling 5,884 shares during the period. Epoch Investment Partners Inc.’s holdings in United Rentals were worth $67,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Aigen Investment Management LP purchased a new stake in United Rentals during the 4th quarter valued at $2,757,000. Arrowstreet Capital Limited Partnership purchased a new stake in United Rentals during the 4th quarter valued at $102,945,000. Atlas Capital Advisors Inc. purchased a new stake in United Rentals during the 4th quarter valued at $1,276,000. Aptus Capital Advisors LLC raised its holdings in United Rentals by 1.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,835 shares of the construction company’s stock valued at $1,485,000 after buying an additional 25 shares during the period. Finally, Jacobi Capital Management LLC raised its holdings in United Rentals by 1.1% during the 4th quarter. Jacobi Capital Management LLC now owns 2,157 shares of the construction company’s stock valued at $1,746,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the transaction, the senior vice president owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction on Friday, April 24th. The shares were 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 trade represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

Shares of United Rentals stock opened at $1,076.03 on Friday. The stock’s fifty day moving average is $920.44 and its two-hundred day moving average is $862.24. The company has a market capitalization of $67.41 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 52 week low of $682.08 and a 52 week high of $1,106.88.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $8.86 EPS. As a group, analysts expect that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $1.97 dividend. 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 is 20.10%.

Analysts Set New Price Targets

Several analysts recently weighed in on URI shares. KeyCorp increased their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Raymond James Financial restated an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday. Citigroup increased their price target on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $1,045.81.

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.