RB Capital Management LLC Takes Position in United Rentals, Inc. $URI

RB Capital Management LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, Holdings Channel.com reports. The firm acquired 2,935 shares of the construction company’s stock, valued at approximately $3,326,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in URI. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of United Rentals during the second quarter worth about $29,000. MidFirst Bank bought a new position in shares of United Rentals during the 2nd quarter valued at $31,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter valued at about $28,000. MV Capital Management Inc. bought a new position in United Rentals during the 4th quarter worth approximately $28,000. Finally, Bell Investment Advisors Inc bought a new stake in United Rentals in the second quarter valued at approximately $40,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

URI has been the subject of a number of analyst reports. Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Bank of America lifted their target price on shares of 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. Barclays increased their price target on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Finally, UBS Group boosted their price objective on shares of United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Stock Performance

Shares of URI stock opened at $1,030.64 on Friday. 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 cap of $64.15 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.80. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The company’s fifty day moving average price is $1,097.31 and its 200-day moving average price is $957.16.

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

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals’s dividend payout ratio is 18.92%.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

United Rentals Company Profile

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.