Park Place Capital Corp Trims Position in United Rentals, Inc. (NYSE:URI)

Park Place Capital Corp trimmed its position in shares of United Rentals, Inc. (NYSE:URI) by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77 shares of the construction company’s stock after selling 25 shares during the quarter. Park Place Capital Corp’s holdings in United Rentals were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hoylecohen LLC increased its stake in shares of United Rentals by 1.4% during the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock worth $667,000 after acquiring an additional 16 shares during the period. Ballentine Partners LLC increased its stake in shares of United Rentals by 2.1% during the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock worth $510,000 after acquiring an additional 18 shares during the period. DGS Capital Management LLC grew its position in United Rentals by 1.3% during the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after buying an additional 18 shares during the period. Oak Ridge Investments LLC grew its position in United Rentals by 0.3% during the fourth quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after buying an additional 20 shares during the period. Finally, Caprock Group LLC grew its position in United Rentals by 2.3% during the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock worth $516,000 after buying an additional 20 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of URI opened at $640.84 on Tuesday. 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 capitalization of $42.67 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.12 and a beta of 1.71. The company’s 50 day simple moving average is $660.61 and its 200 day simple moving average is $646.32. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $732.37.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. United Rentals’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $7.95 earnings per share. On average, sell-side analysts predict that United Rentals, Inc. will post 43.87 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio is currently 17.66%.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. started coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Raymond James started coverage on shares of United Rentals in a research report on Friday. They issued an “outperform” rating and a $750.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $638.40.

Insiders Place Their Bets

In other news, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Michael D. Durand sold 559 shares of United Rentals 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 transaction, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.