MASTERINVEST Kapitalanlage GmbH Acquires New Holdings in United Rentals, Inc. $URI

MASTERINVEST Kapitalanlage GmbH bought a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,870 shares of the construction company’s stock, valued at approximately $2,119,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of United Rentals in the 2nd quarter valued at $5,816,326,000. Capital World Investors raised its stake in United Rentals by 1.1% during the 4th quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock worth $2,192,357,000 after buying an additional 30,263 shares during the period. Franklin Resources Inc. lifted its holdings in United Rentals by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after acquiring an additional 28,895 shares in the last quarter. Norges Bank acquired a new position in United Rentals in the fourth quarter valued at about $978,017,000. Finally, Bank of America Corp DE acquired a new position in United Rentals in the second quarter valued at about $944,196,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on URI shares. UBS Group increased their price target on United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Bank of America boosted their price objective on 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. Wall Street Zen raised United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Morgan Stanley set a $1,335.00 target price on shares of United Rentals and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $1,350.00 price target on shares of United Rentals in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $1,246.19.

United Rentals Trading Down 1.8%

NYSE URI opened at $1,038.12 on Friday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average of $1,098.25 and a 200-day moving average of $956.65. The company has a market cap of $64.61 billion, a PE ratio of 24.93, a PEG ratio of 1.36 and a beta of 1.80.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.53 by $1.23. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company’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 earnings per share. On average, equities research analysts anticipate that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 12th. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Activity

In related news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares in the company, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

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.