Philadelphia Investment Partners LLC Invests $644,000 in United Rentals, Inc. $URI

Philadelphia Investment Partners LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, Holdings Channel.com reports. The fund purchased 575 shares of the construction company’s stock, valued at approximately $644,000.

Several other institutional investors have also recently bought and sold shares of the business. Woodline Partners LP lifted its position in United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after buying an additional 1,577 shares in the last quarter. Sei Investments Co. grew its holdings in United Rentals by 24.7% during the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after acquiring an additional 5,375 shares during the last quarter. Treasurer of the State of North Carolina increased its position in United Rentals by 43.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after acquiring an additional 17,030 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after acquiring an additional 223 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its stake in shares of United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 1,277 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.5%

Shares of United Rentals stock opened at $1,058.50 on Thursday. The business has a fifty day simple moving average of $1,099.04 and a 200 day simple moving average of $955.68. The stock has a market cap of $65.88 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.36 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.

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, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm posted $10.47 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts predict that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is 18.92%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on URI. Bank of America upped 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 report on Thursday, July 23rd. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a research note on Monday, June 29th. Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Evercore reiterated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,246.19.

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the 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 value of $1,699,725.00. Following the sale, the executive vice president directly owned 6,062 shares in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.

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.