Quantinno Capital Management LP Grows Stake in United Rentals, Inc. (NYSE:URI)

Quantinno Capital Management LP grew its position in shares of United Rentals, Inc. (NYSE:URI) by 43.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,782 shares of the construction company’s stock after purchasing an additional 3,273 shares during the period. Quantinno Capital Management LP’s holdings in United Rentals were worth $7,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pathstone Holdings LLC grew its position in United Rentals by 7.9% in the fourth quarter. Pathstone Holdings LLC now owns 18,867 shares of the construction company’s stock worth $13,290,000 after acquiring an additional 1,376 shares in the last quarter. Parkwood LLC purchased a new position in United Rentals in the fourth quarter worth $9,650,000. Mufg Securities Americas Inc. purchased a new position in United Rentals in the fourth quarter worth $683,000. Man Group plc purchased a new position in United Rentals in the fourth quarter worth $13,017,000. Finally, Nomura Holdings Inc. bought a new stake in United Rentals in the fourth quarter worth $1,519,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company’s stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,908 shares of company stock worth $1,890,567 over the last three months. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. UBS Group downgraded shares of United Rentals from a “buy” rating to a “sell” rating and lowered their price target for the stock from $910.00 to $485.00 in a research note on Monday, April 7th. Citigroup lowered their price target on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Robert W. Baird boosted their price target on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $725.69.

United Rentals Stock Performance

United Rentals stock opened at $713.37 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $624.24 and a 200-day moving average of $711.53. The firm has a market cap of $46.37 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the business earned $9.15 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.00%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.