Northwestern Mutual Wealth Management Co. Invests $8.19 Million in United Rentals, Inc. $URI

Northwestern Mutual Wealth Management Co. bought a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, Holdings Channel.com reports. The fund bought 7,231 shares of the construction company’s stock, valued at approximately $8,191,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SFE Investment Counsel acquired a new position in United Rentals in the second quarter valued at about $12,765,000. Eventide Asset Management LLC increased its holdings in shares of United Rentals by 19.6% in the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock worth $77,666,000 after acquiring an additional 15,696 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of United Rentals by 52.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock worth $2,623,000 after purchasing an additional 1,109 shares during the period. Bridges Investment Management Inc. raised its position in shares of United Rentals by 2.0% during the fourth quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company’s stock worth $56,315,000 after purchasing an additional 1,354 shares during the period. Finally, WINTON GROUP Ltd lifted its holdings in shares of United Rentals by 995.1% during the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after purchasing an additional 12,369 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

Shares of URI opened at $1,095.21 on Monday. The company has a market cap of $68.17 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. The company’s fifty day simple moving average is $1,099.22 and its 200 day simple moving average is $950.71. 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 announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the business earned $10.47 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a $1.97 dividend. 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 dividend payout ratio is 18.92%.

Insider Activity at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the business’s 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 sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Evercore reissued an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Robert W. Baird set a $1,300.00 price objective on shares of United Rentals in a report on Friday, July 24th. BNP Paribas Exane raised 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 research report on Monday, June 29th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,246.19.

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.