7,273 Shares in United Rentals, Inc. $URI Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,273 shares of the construction company’s stock, valued at approximately $8,240,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of United Rentals during the second quarter worth about $29,000. MidFirst Bank purchased a new stake in United Rentals in the second quarter valued at approximately $31,000. Core Wealth Advisors LLC bought a new stake in United Rentals during the fourth quarter valued at approximately $28,000. MV Capital Management Inc. bought a new stake in United Rentals during the fourth quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc purchased a new position in United Rentals in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on URI. Wells Fargo & Company increased their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. KeyCorp reiterated an “overweight” rating and issued a $1,350.00 target price on shares of United Rentals in a research report on Friday, July 24th. Citigroup increased their target price on United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, UBS Group upped their price objective on United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. One research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Price Performance

URI opened at $1,038.12 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $1,098.25 and its 200 day simple moving average is $956.65. The firm has a market cap of $64.61 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.36 and a beta of 1.80. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 during 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 business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts predict that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

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

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was 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 of the company’s stock, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.