Intellectus Partners LLC Purchases Shares of 1,167 United Rentals, Inc. (NYSE:URI)

Intellectus Partners LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,167 shares of the construction company’s stock, valued at approximately $669,000.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in United Rentals during the third quarter worth approximately $281,000. Handelsbanken Fonder AB increased its holdings in shares of United Rentals by 4.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,429 shares of the construction company’s stock valued at $5,081,000 after acquiring an additional 486 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in United Rentals in the 3rd quarter valued at $214,000. Valeo Financial Advisors LLC boosted its stake in United Rentals by 21.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 616 shares of the construction company’s stock worth $274,000 after purchasing an additional 108 shares during the period. Finally, Golden State Equity Partners purchased a new position in United Rentals during the 3rd quarter worth $221,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on URI. Wells Fargo & Company increased their target price on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Robert W. Baird increased their price objective on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. Evercore ISI boosted their target price on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. BNP Paribas reaffirmed an “underperform” rating and set a $485.00 price target on shares of United Rentals in a report on Friday, January 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus price target of $600.57.

United Rentals Stock Down 0.0 %

Shares of NYSE URI opened at $690.80 on Monday. The stock has a market capitalization of $46.00 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.10 and a beta of 1.84. United Rentals, Inc. has a 52 week low of $325.15 and a 52 week high of $732.37. The firm has a 50-day moving average price of $681.18 and a 200 day moving average price of $580.42. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the company earned $7.95 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 43.54 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio is currently 17.66%.

United Rentals declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at United Rentals

In other United Rentals news, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

About United Rentals

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.