5,814 Shares in United Rentals, Inc. $URI Purchased by Equitable Holdings Inc.

Equitable Holdings Inc. acquired a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,814 shares of the construction company’s stock, valued at approximately $6,587,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of URI. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of United Rentals in the 2nd quarter valued at approximately $29,000. MidFirst Bank acquired a new stake in shares of United Rentals during the 2nd quarter valued at approximately $31,000. Core Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter worth $28,000. MV Capital Management Inc. acquired a new position in United Rentals in the fourth quarter worth $28,000. Finally, Bell Investment Advisors Inc bought a new stake in United Rentals during the second quarter valued at $40,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America increased their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. KeyCorp reiterated an “overweight” rating and set a $1,350.00 price objective on shares of United Rentals in a research note on Friday, July 24th. Barclays raised their target price on shares of United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Argus restated a “buy” rating and set a $1,250.00 price objective on shares of United Rentals in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,246.19.

United Rentals Trading Down 1.8%

Shares of NYSE:URI opened at $1,038.12 on Friday. The company has a 50 day moving average of $1,098.25 and a 200-day moving average of $956.65. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The firm has a market cap of $64.61 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.36 and a beta of 1.80. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the business earned $10.47 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 18.92%.

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.