RB Capital Management LLC Increases Holdings in United Rentals, Inc. (NYSE:URI)

RB Capital Management LLC lifted its position in United Rentals, Inc. (NYSE:URI) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,320 shares of the construction company’s stock after buying an additional 49 shares during the period. RB Capital Management LLC’s holdings in United Rentals were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of URI. International Assets Investment Management LLC boosted its position in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after purchasing an additional 1,041,281 shares during the last quarter. Deutsche Bank AG grew its position in United Rentals by 88.1% during the third quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock valued at $161,001,000 after buying an additional 169,586 shares during the period. Invesco Ltd. raised its position in United Rentals by 19.1% in the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock worth $414,974,000 after acquiring an additional 149,838 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of United Rentals during the 3rd quarter worth $40,634,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of United Rentals by 12.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after acquiring an additional 72,066 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.1 %

Shares of URI traded down $14.23 during trading hours on Wednesday, reaching $653.76. 583,926 shares of the company traded hands, compared to its average volume of 592,606. The stock’s fifty day moving average price is $682.90 and its 200 day moving average price is $583.96. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The firm has a market cap of $43.53 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.33 and a beta of 1.84. United Rentals, Inc. has a 12-month low of $325.15 and a 12-month high of $732.37.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping the consensus estimate of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $7.95 EPS. Sell-side analysts forecast that United Rentals, Inc. will post 43.39 earnings per share for the current year.

United Rentals announced that its board has approved a stock repurchase plan on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Insider Transactions at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $655.62, for a total value of $508,105.50. Following the transaction, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at approximately $4,145,485.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated 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 directly owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays lifted their target price on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Evercore ISI increased their target price on shares of United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Stifel Nicolaus lifted their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company upped their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Robert W. Baird lifted their target price on shares of United Rentals from $322.00 to $559.00 and gave the company an “underperform” rating in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $600.79.

United Rentals Company 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.