Quantinno Capital Management LP Sells 16,463 Shares of United Rentals, Inc. $URI

Quantinno Capital Management LP lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 22.9% during the first quarter, HoldingsChannel reports. The firm owned 55,445 shares of the construction company’s stock after selling 16,463 shares during the quarter. Quantinno Capital Management LP’s holdings in United Rentals were worth $40,395,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Woodline Partners LP increased its stake in United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares in the last quarter. Sei Investments Co. lifted its stake in United Rentals by 24.7% in the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock valued at $20,444,000 after buying an additional 5,375 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of United Rentals by 43.6% in the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after buying an additional 17,030 shares during the period. HUB Investment Partners LLC boosted its holdings in shares of United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after buying an additional 223 shares during the period. Finally, Diversify Advisory Services LLC increased its position in shares of United Rentals by 338.7% during the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after acquiring an additional 1,277 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective on the stock in a report on Monday, June 29th. JPMorgan Chase & Co. increased their target price on United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Robert W. Baird set a $1,300.00 price target on United Rentals in a research note on Friday, July 24th. Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,226.50.

United Rentals Stock Up 1.3%

United Rentals stock opened at $1,069.23 on Friday. The company has a market cap of $66.55 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.79. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,177.67. The company has a fifty day simple moving average of $1,064.93 and a 200 day simple moving average of $924.30. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the firm posted $10.47 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts anticipate that United Rentals, Inc. will post 48.35 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

United Rentals 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.