United Rentals, Inc. $URI is Wgi Dm LLC’s 7th Largest Position

Wgi Dm LLC raised its position in United Rentals, Inc. (NYSE:URI) by 607.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,448 shares of the construction company’s stock after purchasing an additional 130,034 shares during the quarter. United Rentals makes up approximately 1.0% of Wgi Dm LLC’s holdings, making the stock its 7th biggest position. Wgi Dm LLC owned about 0.24% of United Rentals worth $11,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in URI. MidFirst Bank acquired a new stake in shares of United Rentals during the 2nd quarter valued at about $31,000. BlackRock Inc. acquired a new stake in United Rentals in the second quarter valued at approximately $5,816,326,000. Pallas Capital Advisors LLC bought a new stake in United Rentals in the second quarter worth approximately $213,000. Performance Wealth Partners LLC acquired a new position in shares of United Rentals during the 2nd quarter worth $269,000. Finally, Deutsche Bank AG acquired a new position in shares of United Rentals during the 2nd quarter worth $218,508,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other United Rentals news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction on Friday, July 24th. The stock was 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 of the company’s stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on URI shares. Royal Bank Of Canada upped their price objective on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. KeyCorp reissued an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a research note on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Barclays lifted their price target on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Stock Up 1.1%

Shares of URI opened at $1,166.11 on Tuesday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. The stock has a market cap of $72.58 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 1.49 and a beta of 1.80. The company has a 50-day moving average price of $1,096.63 and a two-hundred day moving average price of $942.44. 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 issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.United Rentals’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.47 EPS. Equities analysts predict that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid 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 dividend payout ratio is currently 18.92%.

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.