United Rentals, Inc. $URI Stock Position Raised by Cozad Asset Management Inc.

Cozad Asset Management Inc. lifted its position in United Rentals, Inc. (NYSE:URI) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,769 shares of the construction company’s stock after buying an additional 620 shares during the quarter. United Rentals comprises 1.3% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 16th largest holding. Cozad Asset Management Inc.’s holdings in United Rentals were worth $16,589,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in URI. Bridgewater Advisors Inc. raised its position in United Rentals by 1.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after acquiring an additional 11 shares in the last quarter. PFG Investments LLC grew its position in United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock worth $854,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after acquiring an additional 11 shares in the last quarter. Fearless Solutions LLC dba Best Invest grew its position in United Rentals by 2.2% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after acquiring an additional 12 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in shares of United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on URI. Bank of America raised their price target on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target for the company in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and a consensus target price of $1,226.50.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

United Rentals Stock Up 1.1%

Shares of URI stock opened at $1,080.77 on Friday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,177.67. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm has a market cap of $67.27 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.40 and a beta of 1.79. The stock has a 50 day moving average of $1,067.76 and a 200-day moving average of $925.40.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.53 by $1.23. The business 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%. United Rentals’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $10.47 earnings per share. On average, equities analysts predict that United Rentals, Inc. will post 48.35 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is currently 18.92%.

United Rentals 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.