Dimensional Fund Advisors LP Has $649.65 Million Holdings in United Rentals, Inc. $URI

Dimensional Fund Advisors LP trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 891,750 shares of the construction company’s stock after selling 12,776 shares during the quarter. Dimensional Fund Advisors LP’s holdings in United Rentals were worth $649,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in URI. Beacon Investment Advisory Services Inc. increased its stake in shares of United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after purchasing an additional 7,663 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of United Rentals by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after purchasing an additional 28,604 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Rentals by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after purchasing an additional 1,846 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in United Rentals by 52.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after buying an additional 1,109 shares during the last quarter. Finally, Addenda Capital Inc. increased its position in United Rentals by 21.3% during the fourth quarter. Addenda Capital Inc. now owns 16,739 shares of the construction company’s stock worth $13,547,000 after buying an additional 2,939 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This represents a 18.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on URI. Royal Bank Of Canada upped their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup raised their price objective on United Rentals from $1,210.00 to $1,270.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. KeyCorp boosted their target price on United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Robert W. Baird upped their target price on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Fourteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,140.00.

United Rentals Stock Down 0.1%

NYSE URI opened at $1,043.73 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The firm has a 50-day simple moving average of $1,041.31 and a 200 day simple moving average of $911.07. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The stock has a market cap of $65.39 billion, a PE ratio of 26.63, a PEG ratio of 1.67 and a beta of 1.79.

United Rentals (NYSE:URI) last announced its quarterly earnings data 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 firm had revenue of $3.98 billion during 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%.United Rentals’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.86 EPS. On average, research analysts forecast that United Rentals, Inc. will post 46.85 EPS for the current year.

United Rentals Announces Dividend

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

About United Rentals

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.