Foster & Motley Inc. Makes New Investment in United Rentals, Inc. $URI

Foster & Motley Inc. acquired a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 10,716 shares of the construction company’s stock, valued at approximately $12,140,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MidFirst Bank bought a new position in shares of United Rentals in the second quarter valued at approximately $31,000. Core Wealth Advisors LLC bought a new stake in United Rentals during the fourth quarter worth $28,000. MV Capital Management Inc. purchased a new position in United Rentals in the fourth quarter worth $28,000. Bell Investment Advisors Inc purchased a new position in United Rentals in the second quarter worth $40,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the 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 sale, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a research note on Wednesday, June 10th. Citigroup increased their price target on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Barclays lifted their price objective on shares of United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research note on Friday, July 24th. Finally, Bank of America increased their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Price Performance

NYSE URI opened at $1,117.24 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The company has a market cap of $69.54 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.49 and a beta of 1.80. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18. The firm’s 50-day simple moving average is $1,097.10 and its two-hundred day simple moving average is $943.95.

United Rentals (NYSE:URI) last posted 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 net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the company earned $10.47 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Research analysts predict that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid 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 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.