Findlay Park Partners LLP Buys Shares of 158,948 United Rentals, Inc. $URI

Findlay Park Partners LLP bought a new stake in United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 158,948 shares of the construction company’s stock, valued at approximately $180,071,000. United Rentals makes up 2.4% of Findlay Park Partners LLP’s portfolio, making the stock its 17th biggest holding. Findlay Park Partners LLP owned about 0.26% of United Rentals as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC lifted its holdings in United Rentals by 0.9% in the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after purchasing an additional 11 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of United Rentals by 16.9% in the second quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock valued at $86,000 after buying an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. grew its stake in United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after acquiring an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in United Rentals by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after purchasing an additional 12 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in shares of United Rentals by 2.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock worth $441,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

United Rentals Trading Down 0.0%

NYSE URI opened at $1,095.21 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The firm’s 50-day moving average is $1,099.22 and its two-hundred day moving average is $949.51. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. The stock has a market capitalization of $68.17 billion, a P/E ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80.

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

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley set a $1,335.00 price target on United Rentals and gave the company an “overweight” rating in a research report on Friday, July 24th. Bank of America boosted their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Argus restated a “buy” rating and issued a $1,250.00 target price on shares of United Rentals in a report on Tuesday, August 4th. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a report on Monday, June 29th. Finally, Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

About United Rentals

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.