3,358 Shares in United Rentals, Inc. $URI Bought by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,358 shares of the construction company’s stock, valued at approximately $3,804,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of URI. SFE Investment Counsel bought a new position in shares of United Rentals during the second quarter valued at about $12,765,000. Eventide Asset Management LLC lifted its stake in shares of United Rentals by 19.6% in the 4th quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock valued at $77,666,000 after acquiring an additional 15,696 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock valued at $2,623,000 after acquiring an additional 1,109 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in United Rentals by 995.1% during the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after acquiring an additional 12,369 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in United Rentals by 9.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company’s stock worth $7,855,000 after purchasing an additional 950 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on URI. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research report on Friday, July 24th. 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 raised shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price on the stock in a research note on Monday, June 29th. Wells Fargo & Company upped their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, KeyCorp reissued an “overweight” rating and set a $1,350.00 price target on shares of United Rentals in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Trading Down 1.8%

URI opened at $1,038.12 on Friday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,179.18. 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 business has a 50 day simple moving average of $1,098.25 and a two-hundred day simple moving average of $956.65. The firm has a market capitalization of $64.61 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.36 and a beta of 1.80.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.92%.

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.