Wilmington Savings Fund Society FSB Purchases New Shares in United Rentals, Inc. (NYSE:URI)

Wilmington Savings Fund Society FSB acquired a new position in United Rentals, Inc. (NYSE:URI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,652 shares of the construction company’s stock, valued at approximately $2,147,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in United Rentals by 3.7% in the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after acquiring an additional 85,325 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of United Rentals by 82,462.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after purchasing an additional 1,604,715 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of United Rentals by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock worth $1,264,326,000 after purchasing an additional 9,256 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of United Rentals by 10.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 704,145 shares of the construction company’s stock valued at $570,167,000 after purchasing an additional 66,957 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in United Rentals by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 438,427 shares of the construction company’s stock valued at $355,007,000 after buying an additional 5,325 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays upped their price target on shares of United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Argus upped their target price on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $770.00.

United Rentals Price Performance

URI opened at $778.73 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $533.70 and a 12-month high of $896.98. The business’s fifty day simple moving average is $834.29 and its 200-day simple moving average is $747.66. The company has a market capitalization of $51.10 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.87 and a beta of 1.66.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. United Rentals’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.73 earnings per share. On average, equities research analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by company insiders.

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.