2,071 Shares in United Rentals, Inc. $URI Acquired by Nwam LLC

Nwam LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,071 shares of the construction company’s stock, valued at approximately $2,346,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $28,000. MV Capital Management Inc. acquired a new position in United Rentals during the 4th quarter worth $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in United Rentals during the 2nd quarter worth $29,000. MidFirst Bank purchased a new stake in United Rentals during the 2nd quarter worth about $31,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in United Rentals during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company’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 completion of the transaction, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

United Rentals Stock Performance

Shares of United Rentals stock opened at $989.49 on Wednesday. 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 52 week low of $701.59 and a 52 week high of $1,179.18. The firm’s 50 day moving average is $1,094.73 and its two-hundred day moving average is $959.71. The firm has a market capitalization of $61.59 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.53 and a beta of 1.79.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the firm earned $10.47 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Research analysts forecast that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given 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 yield of 0.8%. United Rentals’s payout ratio is 18.92%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on URI. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research report on Friday, July 24th. Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Argus reiterated a “buy” rating and issued a $1,250.00 price target on shares of United Rentals in a research note on Tuesday, August 4th. UBS Group lifted their price objective on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a research note on Wednesday, June 10th. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

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.