United Rentals, Inc. $URI Shares Sold by Renaissance Investment Group LLC

Renaissance Investment Group LLC reduced its position in United Rentals, Inc. (NYSE:URI) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,776 shares of the construction company’s stock after selling 625 shares during the quarter. United Rentals comprises approximately 3.4% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 11th biggest holding. Renaissance Investment Group LLC’s holdings in United Rentals were worth $16,789,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Cidel Asset Management Inc. lifted its holdings in shares of United Rentals by 2.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 425 shares of the construction company’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in United Rentals by 3.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 331 shares of the construction company’s stock worth $331,000 after buying an additional 10 shares during the last quarter. PFG Investments LLC grew its stake in United Rentals by 0.9% during the 1st quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock worth $854,000 after buying an additional 11 shares during the last quarter. CoreCap Advisors LLC increased its position in United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock valued at $86,000 after buying an additional 11 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in United Rentals by 0.8% during the 1st quarter. Parallel Advisors LLC now owns 1,485 shares of the construction company’s stock valued at $1,082,000 after buying an additional 12 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Price Performance

Shares of URI opened at $1,167.43 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.80 and a quick ratio of 0.73. The company’s fifty day moving average price is $1,049.13 and its 200-day moving average price is $970.70. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,202.12. The firm has a market capitalization of $72.29 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.70 and a beta of 1.83.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, October 21st. The construction company reported $15.55 EPS for the quarter, topping analysts’ consensus estimates of $13.97 by $1.58. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.71 billion. United Rentals had a return on equity of 33.47% and a net margin of 16.33%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.70 EPS. On average, equities research analysts predict that United Rentals, Inc. will post 50.83 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 10th. United Rentals’s dividend payout ratio (DPR) is presently 17.32%.

Wall Street Analysts Forecast Growth

URI has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating on shares of United Rentals in a research note on Monday, September 14th. Morgan Stanley boosted their price target on United Rentals from $1,335.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. KeyCorp restated an “overweight” rating on shares of United Rentals in a report on Friday, October 23rd. Argus reaffirmed a “buy” rating and issued a $1,250.00 price objective on shares of United Rentals in a research report on Tuesday, August 4th. Finally, UBS Group lifted their target price on shares of United Rentals from $1,350.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,288.19.

About United Rentals

United Rentals, Inc is an equipment rental company serving construction, industrial, infrastructure, utilities, government and other commercial customers. The company provides access to equipment and related services through a network of rental locations, helping customers manage projects without purchasing and maintaining all of the equipment they need.

Its rental fleet includes aerial work platforms, earthmoving equipment, material-handling equipment, general construction tools, trucks and trailers, and light-duty equipment.