Winmill & CO. Inc. Invests $17.46 Million in United Rentals, Inc. $URI

Winmill & CO. Inc. bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,409 shares of the construction company’s stock, valued at approximately $17,457,000. United Rentals accounts for approximately 3.9% of Winmill & CO. Inc.’s portfolio, making the stock its 8th largest holding.

Several other institutional investors also recently bought and sold shares of URI. Core Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $28,000. MV Capital Management Inc. acquired a new position in shares of United Rentals in the 4th quarter valued at $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in United Rentals during the second quarter worth $29,000. MidFirst Bank acquired a new stake in United Rentals during the second quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in United Rentals in the fourth quarter valued at $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the topic of a number of analyst reports. 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 research report on Friday, July 24th. KeyCorp reissued an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a report on Friday, July 24th. Morgan Stanley set a $1,335.00 target price on United Rentals and gave the stock an “overweight” rating in a research note 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 report on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 price target on shares of United Rentals in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Stock Down 0.3%

Shares of NYSE:URI opened at $1,095.21 on Monday. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. The stock has a market cap of $68.17 billion, a P/E ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. The business has a fifty day moving average of $1,099.22 and a two-hundred day moving average of $950.71. 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 (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 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 analyst estimates of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.47 EPS. On average, research analysts expect 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 will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by company insiders.

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.