United Rentals, Inc. $URI Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in United Rentals, Inc. (NYSE:URI) by 109.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,447 shares of the construction company’s stock after buying an additional 7,547 shares during the quarter. Tidal Investments LLC’s holdings in United Rentals were worth $16,367,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley set a $1,335.00 price objective on shares of United Rentals and gave the stock an “overweight” rating in a report on Friday, July 24th. Barclays increased their target price on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Argus reissued a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a research note on Tuesday, August 4th. Finally, Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,230.88.

United Rentals Stock Performance

Shares of URI opened at $989.77 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock has a market cap of $61.60 billion, a P/E ratio of 23.77, a PEG ratio of 1.51 and a beta of 1.79. The company has a 50-day moving average of $1,078.97 and a two-hundred day moving average of $965.91. 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 quarterly earnings results on Wednesday, July 22nd. The construction company reported $12.76 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business earned $10.47 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 48.59 EPS for the current fiscal year.

United Rentals Announces Dividend

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

Insiders Place Their Bets

In other news, EVP William Grace sold 1,500 shares of the business’s stock in a transaction on 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.47% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc is an equipment rental company serving construction, industrial, commercial, government and residential customers. The company provides access to a broad range of equipment without requiring customers to purchase and maintain their own fleets.

Its rental offerings include aerial work platforms, earthmoving equipment, material-handling equipment, trucks and trailers, power-generation and climate-control equipment, pumps, tools, trench-safety products and traffic-control equipment.