Vise Technologies Inc. Invests $12.26 Million in United Rentals, Inc. $URI

Vise Technologies Inc. bought a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,820 shares of the construction company’s stock, valued at approximately $12,257,000.

Other hedge funds have also bought and sold shares of the company. SFE Investment Counsel acquired a new stake in United Rentals during the 2nd quarter valued at $12,765,000. Eventide Asset Management LLC grew its stake in United Rentals by 19.6% in the 4th quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock valued at $77,666,000 after buying an additional 15,696 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock valued at $2,623,000 after buying an additional 1,109 shares during the last quarter. WINTON GROUP Ltd raised its holdings in United Rentals by 995.1% in the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after acquiring an additional 12,369 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in United Rentals by 9.7% during the first quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company’s stock worth $7,855,000 after acquiring an additional 950 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URI has been the subject of a number of research analyst reports. Barclays boosted their price objective on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Argus reissued a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a report on Tuesday, August 4th. KeyCorp restated an “overweight” rating and issued a $1,350.00 price target on shares of United Rentals in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

Insider Activity

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

United Rentals Stock Down 2.0%

Shares of URI opened at $1,094.54 on Friday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18. The firm’s 50 day moving average is $1,098.84 and its 200-day moving average is $948.49. The stock has a market capitalization of $68.12 billion, a PE ratio of 26.29, a P/E/G ratio of 1.44 and a beta of 1.80. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $10.47 earnings per share. Equities research analysts forecast that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued 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 of this dividend is Wednesday, August 12th. United Rentals’s dividend payout ratio is 18.92%.

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.