Groupama Asset Managment Decreases Position in United Rentals, Inc. $URI

Groupama Asset Managment decreased its position in United Rentals, Inc. (NYSE:URI) by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,979 shares of the construction company’s stock after selling 463 shares during the period. Groupama Asset Managment owned about 0.13% of United Rentals worth $61,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in URI. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals in the 4th quarter worth about $28,000. MV Capital Management Inc. purchased a new position in United Rentals during the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new position in United Rentals during the fourth quarter worth about $34,000. Finally, Frazier Financial Advisors LLC raised its position in United Rentals by 33.3% during the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock worth $41,000 after acquiring an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on URI. Royal Bank Of Canada increased their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Citigroup lifted their price objective on United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley set a $1,335.00 price target on United Rentals and gave the stock an “overweight” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,226.50.

Insider Transactions at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,080.77 on Friday. The company has a market cap of $67.27 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.38 and a beta of 1.79. The business has a fifty day simple moving average of $1,067.76 and a 200-day simple moving average of $925.40. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,177.67. 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 released its earnings results 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 return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the business posted $10.47 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 48.35 EPS for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s payout ratio is presently 18.92%.

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.