Kayne Anderson Rudnick Investment Management LLC Grows Stock Position in United Rentals, Inc. (NYSE:URI)

Kayne Anderson Rudnick Investment Management LLC grew its position in United Rentals, Inc. (NYSE:URI) by 240.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,511 shares of the construction company’s stock after acquiring an additional 1,774 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in United Rentals were worth $1,624,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of URI. First Financial Corp IN purchased a new position in United Rentals in the 1st quarter worth approximately $25,000. Crewe Advisors LLC purchased a new position in United Rentals in the 1st quarter valued at approximately $27,000. RFP Financial Group LLC grew its stake in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of United Rentals during the first quarter worth about $28,000. Finally, Riverview Trust Co acquired a new stake in United Rentals in the first quarter valued at $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday. Raymond James initiated coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Evercore ISI increased their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. The Goldman Sachs Group boosted their price target on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup initiated coverage on United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $687.46.

United Rentals Stock Up 2.0 %

URI opened at $798.95 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $53.20 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.72 and a beta of 1.68. The business has a 50 day moving average of $724.10 and a 200-day moving average of $688.13. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $803.48.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business earned $9.88 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 4,090 shares in the company, valued at approximately $2,822,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by company 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.