Union Bancaire Privee UBP SA Buys 3,019 Shares of United Rentals, Inc. $URI

Union Bancaire Privee UBP SA boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,363 shares of the construction company’s stock after buying an additional 3,019 shares during the period. Union Bancaire Privee UBP SA’s holdings in United Rentals were worth $23,258,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in United Rentals during the second quarter valued at approximately $28,000. Maseco LLP bought a new position in shares of United Rentals during the second quarter valued at approximately $32,000. Flaharty Asset Management LLC purchased a new stake in United Rentals in the first quarter worth $30,000. Trust Co. of Toledo NA OH purchased a new position in United Rentals in the 2nd quarter worth about $38,000. Finally, Hantz Financial Services Inc. increased its position in shares of United Rentals by 103.7% during the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on URI. Sanford C. Bernstein set a $1,128.00 price objective on United Rentals and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Citigroup decreased their price target on shares of United Rentals from $1,140.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. UBS Group restated a “neutral” rating and issued a $1,025.00 price target on shares of United Rentals in a report on Tuesday, October 28th. BNP Paribas set a $900.00 price objective on shares of United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Finally, Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $961.72.

United Rentals Stock Up 0.9%

URI opened at $817.75 on Wednesday. The company has a fifty day moving average of $866.55 and a two-hundred day moving average of $859.06. The stock has a market capitalization of $52.03 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.84 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing the consensus estimate of $12.43 by ($0.73). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $11.80 earnings per share. On average, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s payout ratio is presently 18.42%.

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.