Distillate Capital Partners LLC Purchases Shares of 26,904 United Rentals, Inc. (NYSE:URI)

Distillate Capital Partners LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,904 shares of the construction company’s stock, valued at approximately $17,400,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Financial Corp IN bought a new stake in shares of United Rentals in the first quarter valued at about $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals in the first quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in shares of United Rentals in the first quarter worth $28,000. RFP Financial Group LLC boosted its holdings in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the last quarter. Finally, Riverview Trust Co bought a new position in United Rentals in the first quarter valued at $31,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on URI. The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Evercore ISI increased their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. 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 price target on the stock. Raymond James initiated coverage on shares of United Rentals in a research note on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $687.46.

Insider Buying and Selling at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $798.95 on Tuesday. The firm has a 50-day moving average price of $724.10 and a two-hundred day moving average price of $688.13. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $803.48. The company has a market capitalization of $53.20 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.72 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.88 earnings per share. Analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.82%. United Rentals’s dividend 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.