MUFG Securities EMEA plc Acquires 13,377 Shares of United Rentals, Inc. $URI

MUFG Securities EMEA plc raised its holdings in United Rentals, Inc. (NYSE:URI) by 1,085.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,609 shares of the construction company’s stock after purchasing an additional 13,377 shares during the period. MUFG Securities EMEA plc’s holdings in United Rentals were worth $11,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at $27,000. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals in the 3rd quarter valued at $29,000. Board of the Pension Protection Fund acquired a new stake in shares of United Rentals in the 4th quarter valued at $32,000. Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at $32,000. Finally, Fortitude Family Office LLC boosted its stake in shares of United Rentals by 121.1% in the 4th quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on URI. Royal Bank Of Canada boosted their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research note on Friday, April 24th. Citigroup boosted their target price on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,006.13.

Insiders Place Their Bets

In related news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 26,088 shares of company stock valued at $25,628,877. 0.47% of the stock is owned by corporate insiders.

United Rentals Stock Performance

United Rentals stock opened at $996.99 on Monday. The stock has a 50-day simple moving average of $854.91 and a 200 day simple moving average of $845.62. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12-month low of $681.98 and a 12-month high of $1,021.47. The stock has a market capitalization of $62.46 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.58 and a beta of 1.81.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm earned $8.86 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that United Rentals, Inc. will post 47.07 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is currently 20.10%.

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.