Coppell Advisory Solutions LLC Takes Position in United Rentals, Inc. $URI

Coppell Advisory Solutions LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, HoldingsChannel reports. The fund acquired 507 shares of the construction company’s stock, valued at approximately $574,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in United Rentals during the second quarter valued at approximately $5,816,326,000. Norges Bank purchased a new position in shares of United Rentals during the fourth quarter worth approximately $978,017,000. Bank of America Corp DE bought a new stake in shares of United Rentals in the 2nd quarter worth approximately $944,196,000. The Manufacturers Life Insurance Company bought a new stake in shares of United Rentals in the 2nd quarter worth approximately $716,129,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of United Rentals in the 2nd quarter valued at $412,860,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, EVP William Grace sold 1,500 shares of United Rentals stock in a transaction on 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 sale, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

United Rentals Stock Performance

United Rentals stock opened at $991.97 on Friday. 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 $61.74 billion, a P/E ratio of 23.82, a P/E/G ratio of 1.44 and a beta of 1.79. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. The firm has a 50-day moving average of $1,089.69 and a 200-day moving average of $961.35.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.United Rentals’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.47 EPS. Sell-side analysts expect that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 12th. United Rentals’s dividend payout ratio is currently 18.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on URI shares. UBS Group lifted their target price on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wells Fargo & Company upped their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the company an “overweight” rating in a research report 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 report on Friday, July 24th. Robert W. Baird set a $1,300.00 target price on United Rentals in a research note on Friday, July 24th. Finally, KeyCorp restated an “overweight” rating and set a $1,350.00 target price on shares of United Rentals in a report on Friday, July 24th. One equities 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

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.