Trillium Asset Management LLC Acquires Shares of 19,155 United Rentals, Inc. $URI

Trillium Asset Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,155 shares of the construction company’s stock, valued at approximately $21,705,000.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of United Rentals in the second quarter valued at approximately $5,816,326,000. Norges Bank acquired a new stake in United Rentals during the 4th quarter worth approximately $978,017,000. Bank of New York Mellon Corp acquired a new stake in United Rentals during the 2nd quarter worth approximately $412,860,000. Corient Private Wealth LLC boosted its stake in United Rentals by 1,667.4% in the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock valued at $278,378,000 after purchasing an additional 324,503 shares during the period. Finally, Deutsche Bank AG bought a new stake in United Rentals in the 2nd quarter valued at $218,508,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Down 2.0%

URI opened at $1,094.54 on Friday. The stock has a market capitalization of $68.12 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.44 and a beta of 1.80. 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 twelve month low of $701.59 and a twelve month high of $1,179.18. The company has a 50-day simple moving average of $1,098.84 and a 200 day simple moving average of $948.49.

United Rentals (NYSE:URI) last released its earnings results on Tuesday, July 21st. 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 firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm earned $10.47 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders 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 payout ratio is currently 18.92%.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the business’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 directly owned 6,062 shares in the company, 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 available at this link. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on URI. Bank of America increased their price objective on United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective for the company in a research note on Monday, June 29th. Finally, Barclays boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,246.19.

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.