Trillium Asset Management LLC Grows Position in United Rentals, Inc. $URI

Trillium Asset Management LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,029 shares of the construction company’s stock after purchasing an additional 902 shares during the quarter. Trillium Asset Management LLC’s holdings in United Rentals were worth $19,899,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new position in United Rentals in the third quarter valued at approximately $29,000. Aventura Private Wealth LLC purchased a new position in United Rentals in the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new position in United Rentals in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new position in United Rentals in the third quarter valued at approximately $35,000. Finally, Board of the Pension Protection Fund purchased a new position in United Rentals in the fourth quarter valued at approximately $32,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

United Rentals Trading Up 0.7%

URI opened at $1,076.03 on Friday. The firm has a market capitalization of $67.41 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.69 and a beta of 1.81. The firm’s 50 day moving average is $920.44 and its 200-day moving average is $862.24. United Rentals, Inc. has a 52-week low of $682.08 and a 52-week high of $1,106.88. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.86 EPS. Analysts expect that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on URI shares. UBS Group raised their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada raised their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Robert W. Baird raised their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Finally, Evercore restated an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,045.81.

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.