United Rentals, Inc. $URI Shares Bought by Capital International Inc. CA

Capital International Inc. CA raised its position in United Rentals, Inc. (NYSE:URI) by 2,857.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,138 shares of the construction company’s stock after buying an additional 30,085 shares during the period. Capital International Inc. CA’s holdings in United Rentals were worth $29,726,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of United Rentals during the second quarter worth about $776,102,000. JPMorgan Chase & Co. raised its position in shares of United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after purchasing an additional 780,322 shares during the last quarter. Capital International Investors lifted its stake in United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after buying an additional 631,484 shares in the last quarter. Boston Partners boosted its holdings in United Rentals by 74.5% in the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company’s stock worth $542,526,000 after buying an additional 305,378 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in United Rentals by 66.5% in the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after buying an additional 193,416 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the transaction, the executive vice president directly owned 6,872 shares in the company, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the completion of the transaction, the executive vice president owned 7,458 shares of the company’s stock, valued at $5,900,322.12. The trade was a 25.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price on the stock in a research report on Sunday, January 4th. Sanford C. Bernstein set a $965.00 price target on United Rentals in a research note on Friday, January 30th. Royal Bank Of Canada dropped their price target on United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. KeyCorp set a $950.00 price objective on United Rentals in a report on Friday, January 30th. Finally, Robert W. Baird set a $970.00 target price on shares of United Rentals in a research note on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $925.59.

United Rentals Stock Down 5.6%

NYSE URI opened at $774.86 on Wednesday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $1,021.47. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. The business’s fifty day simple moving average is $871.98 and its 200-day simple moving average is $884.59. The firm has a market cap of $48.82 billion, a PE ratio of 20.03, a P/E/G ratio of 1.33 and a beta of 1.66.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a net margin of 15.49% and a return on equity of 30.35%. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the company posted $11.59 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

United Rentals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $1.97 dividend. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $7.88 annualized dividend and a dividend yield of 1.0%. United Rentals’s dividend payout ratio is currently 20.37%.

United Rentals Company 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.