United Rentals, Inc. (NYSE:URI) Shares Acquired by Xponance Inc.

Xponance Inc. boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,744 shares of the construction company’s stock after purchasing an additional 281 shares during the quarter. Xponance Inc.’s holdings in United Rentals were worth $6,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Financial Corp IN acquired a new position in United Rentals during the 1st quarter worth $25,000. Crewe Advisors LLC acquired a new position in United Rentals during the 1st quarter worth $27,000. Rise Advisors LLC acquired a new position in United Rentals during the 1st quarter worth $28,000. RFP Financial Group LLC boosted its position 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 acquiring an additional 22 shares during the period. Finally, Riverview Trust Co acquired a new position in United Rentals during the 1st quarter worth $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by insiders.

United Rentals Stock Up 0.4 %

Shares of United Rentals stock opened at $802.26 on Wednesday. The stock’s fifty day moving average is $725.29 and its 200-day moving average is $689.02. The firm has a market capitalization of $53.06 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.85 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, Inc. has a 12-month low of $387.01 and a 12-month high of $807.79.

United Rentals (NYSE:URI) last announced its 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. United Rentals’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.88 earnings per share. Equities 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 given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

About United Rentals

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.