Pineridge Advisors LLC Invests $52,000 in United Rentals, Inc. (NYSE:URI)

Pineridge Advisors LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 91 shares of the construction company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in United Rentals by 39.1% during the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after buying an additional 1,799,997 shares during the last quarter. Norges Bank purchased a new stake in United Rentals during the 4th quarter valued at $977,443,000. Dimensional Fund Advisors LP raised its stake in United Rentals by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after buying an additional 56,948 shares during the last quarter. International Assets Investment Management LLC raised its stake in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after buying an additional 1,041,281 shares during the last quarter. Finally, Invesco Ltd. raised its stake in United Rentals by 19.1% during the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after buying an additional 149,838 shares during the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

URI stock traded down $11.62 during trading on Friday, reaching $616.21. The company’s stock had a trading volume of 709,104 shares, compared to its average volume of 513,548. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $732.37. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $41.03 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.75. The company’s fifty day moving average is $667.97 and its 200-day moving average is $632.34.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm earned $7.95 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that United Rentals, Inc. will post 43.77 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Insider Buying and Selling at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on URI. JPMorgan Chase & Co. began coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Evercore ISI upped their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Stifel Nicolaus upped their price objective on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group upped their price objective on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $612.73.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.