United Rentals, Inc. $URI Position Boosted by Marsico Capital Management LLC

Marsico Capital Management LLC increased its holdings in United Rentals, Inc. (NYSE:URI) by 44.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,994 shares of the construction company’s stock after buying an additional 4,304 shares during the quarter. Marsico Capital Management LLC’s holdings in United Rentals were worth $11,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in URI. Aventura Private Wealth LLC bought a new position in United Rentals in the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter worth approximately $28,000. Abich Financial Wealth Management LLC bought a new position in United Rentals in the 3rd quarter worth approximately $29,000. Board of the Pension Protection Fund bought a new position in United Rentals in the 4th quarter worth approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter worth approximately $32,000. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial restated an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a research report on Wednesday. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Robert W. Baird upped their target price on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

Insider Buying and Selling

In other news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 over the last quarter. 0.47% of the stock is currently owned by insiders.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,067.20 on Friday. United Rentals, Inc. has a one year low of $682.08 and a one year high of $1,106.88. The stock has a fifty day moving average of $913.55 and a 200-day moving average of $860.73. The company has a market capitalization of $66.86 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.67 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. United Rentals’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts anticipate that United Rentals, Inc. will post 47.14 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.