153,769 Shares in United Rentals, Inc. $URI Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 153,769 shares of the construction company’s stock, valued at approximately $174,203,000.

A number of other institutional investors and hedge funds have also modified their holdings of URI. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the 4th quarter worth about $28,000. MV Capital Management Inc. acquired a new stake in United Rentals in the 4th quarter worth about $28,000. Laurel Wealth Advisors LLC purchased a new stake in United Rentals during the 4th quarter worth approximately $32,000. Hilton Head Capital Partners LLC purchased a new stake in United Rentals during the 4th quarter worth approximately $34,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of United Rentals during the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

URI has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Evercore restated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Wells Fargo & Company upped their target price on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, UBS Group raised their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Price Performance

Shares of URI opened at $1,166.11 on Tuesday. The company has a market cap of $72.58 billion, a P/E ratio of 28.00, a PEG ratio of 1.49 and a beta of 1.80. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm’s 50 day moving average price is $1,096.63 and its 200 day moving average price is $942.44.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm posted $10.47 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, August 12th. United Rentals’s payout ratio is presently 18.92%.

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.