BNB Wealth Management LLC Makes New Investment in United Rentals, Inc. $URI

BNB Wealth Management LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 556 shares of the construction company’s stock, valued at approximately $450,000.

A number of other hedge funds have also modified their holdings of URI. Norges Bank acquired a new position in shares of United Rentals in the 4th quarter worth approximately $978,017,000. Capital International Investors raised its holdings in shares of United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock worth $3,247,762,000 after buying an additional 631,484 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of United Rentals by 66.5% in the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after buying an additional 193,416 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of United Rentals by 3,459.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after buying an additional 191,162 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of United Rentals by 6.7% in the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock worth $2,557,158,000 after buying an additional 168,685 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on URI shares. Royal Bank Of Canada increased their target price on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. UBS Group increased their target price on United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Citigroup increased their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Evercore reissued an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Finally, KeyCorp increased their target price on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,045.81.

United Rentals Stock Down 1.8%

NYSE URI opened at $1,050.43 on Thursday. The firm has a market cap of $65.81 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.81. United Rentals, Inc. has a one year low of $692.70 and a one year high of $1,106.88. The stock’s 50 day simple moving average is $940.51 and its 200 day simple moving average is $867.96. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $8.86 earnings per share. As a group, sell-side analysts forecast that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is 20.10%.

Insiders Place Their Bets

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,088 shares of company stock valued at $25,628,877 in the last 90 days. Insiders own 0.47% of the company’s stock.

United Rentals 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.