Duality Advisers LP Invests $4.31 Million in United Rentals, Inc. (NYSE:URI)

Duality Advisers LP acquired a new position in shares of United Rentals, Inc. (NYSE:URI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,976 shares of the construction company’s stock, valued at approximately $4,309,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Financial Corp IN bought a new position in shares of United Rentals during the 1st quarter worth about $25,000. AdvisorNet Financial Inc boosted its position in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of United Rentals during the 1st quarter valued at about $28,000. Riverview Trust Co acquired a new stake in shares of United Rentals during the 1st quarter valued at about $31,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of United Rentals during the 4th quarter valued at about $34,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on 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 $72,341,742. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on 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. 0.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on URI shares. Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. Stifel Nicolaus boosted their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group boosted their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup started coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of United Rentals in a research note on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $637.67.

United Rentals Trading Up 3.2 %

NYSE:URI traded up $21.17 during trading hours on Friday, hitting $687.46. The stock had a trading volume of 392,129 shares, compared to its average volume of 569,693. United Rentals, Inc. has a one year low of $387.01 and a one year high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The company has a market cap of $45.78 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 2.12 and a beta of 1.71. The business’s 50 day moving average is $655.94 and its 200-day moving average is $649.50.

United Rentals (NYSE:URI) last issued its earnings results 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 firm 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 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that United Rentals, Inc. will post 43.76 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. United Rentals’s payout ratio is 17.66%.

United Rentals 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.