OneDigital Investment Advisors LLC Buys New Holdings in United Rentals, Inc. $URI

OneDigital Investment Advisors LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, Holdings Channel.com reports. The firm bought 785 shares of the construction company’s stock, valued at approximately $889,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors boosted its stake in shares of United Rentals by 1.1% during the fourth quarter. Capital World Investors now owns 2,708,877 shares of the construction company’s stock valued at $2,192,357,000 after purchasing an additional 30,263 shares during the period. Franklin Resources Inc. increased its stake in shares of United Rentals by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 1,343,981 shares of the construction company’s stock worth $1,087,711,000 after buying an additional 28,895 shares during the period. Norges Bank purchased a new position in shares of United Rentals in the fourth quarter worth $978,017,000. Bank of America Corp DE raised its holdings in United Rentals by 14.7% during the 1st quarter. Bank of America Corp DE now owns 806,380 shares of the construction company’s stock valued at $587,496,000 after buying an additional 103,371 shares during the last quarter. Finally, Boston Partners raised its holdings in United Rentals by 4.0% during the 4th quarter. Boston Partners now owns 774,347 shares of the construction company’s stock valued at $631,459,000 after buying an additional 29,675 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

NYSE:URI opened at $1,166.11 on Tuesday. The stock has a market cap of $72.58 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.80. The firm’s fifty day simple moving average is $1,096.63 and its 200 day simple moving average is $942.44. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business earned $10.47 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on URI. Robert W. Baird set a $1,300.00 price target on shares of United Rentals in a report on Friday, July 24th. Bank of America upped their price objective on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Argus reissued a “buy” rating and issued a $1,250.00 target price on shares of United Rentals in a research note on Tuesday, August 4th. Wall Street Zen upgraded United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target on the stock in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

Insider Activity

In related news, EVP William E. Grace sold 1,500 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value 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 $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by corporate insiders.

About United Rentals

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.