GAMMA Investing LLC Has $556.14 Million Position in United Rentals, Inc. (NYSE:URI)

GAMMA Investing LLC grew its holdings in United Rentals, Inc. (NYSE:URI) by 77,674.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 887,407 shares of the construction company’s stock after purchasing an additional 886,266 shares during the quarter. GAMMA Investing LLC owned about 1.36% of United Rentals worth $556,138,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. JPMorgan Chase & Co. grew its position in shares of United Rentals by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock valued at $637,968,000 after purchasing an additional 105,287 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $368,000. Union Bancaire Privee UBP SA acquired a new stake in shares of United Rentals in the fourth quarter valued at about $16,253,000. Pacer Advisors Inc. grew its position in shares of United Rentals by 9.4% in the fourth quarter. Pacer Advisors Inc. now owns 5,385 shares of the construction company’s stock valued at $3,793,000 after purchasing an additional 462 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in shares of United Rentals by 4.7% in the fourth quarter. Perigon Wealth Management LLC now owns 606 shares of the construction company’s stock valued at $459,000 after purchasing an additional 27 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% 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, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president now owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Down 0.9%

NYSE URI opened at $708.89 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock’s 50 day moving average is $643.68 and its two-hundred day moving average is $702.16. The company has a market capitalization of $46.08 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.15 earnings per share. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on URI shares. Bank of America decreased their target price on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lifted their target price on United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. The Goldman Sachs Group lifted their target price on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $753.15.

United Rentals Profile

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.