United Rentals, Inc. $URI Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 48.5% in the 2nd quarter, Holdings Channel reports. The fund owned 2,576 shares of the construction company’s stock after acquiring an additional 841 shares during the quarter. Pitcairn Co.’s holdings in United Rentals were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of URI. Loomis Sayles & Co. L P acquired a new stake in shares of United Rentals during the second quarter worth $28,000. Maseco LLP acquired a new position in United Rentals in the 2nd quarter valued at $32,000. Flaharty Asset Management LLC purchased a new position in United Rentals during the 1st quarter worth $30,000. Trust Co. of Toledo NA OH acquired a new stake in shares of United Rentals in the 2nd quarter worth $38,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of United Rentals by 103.7% in the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $42,000 after acquiring an additional 28 shares in the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the subject of several analyst reports. Sanford C. Bernstein set a $1,128.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. BNP Paribas set a $900.00 target price on United Rentals and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. KeyCorp reissued an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Royal Bank Of Canada set a $1,123.00 price objective on United Rentals in a report on Friday, October 24th. Finally, Barclays cut their price objective on United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $961.72.

United Rentals Stock Performance

Shares of URI stock opened at $818.41 on Monday. The stock has a fifty day moving average price of $873.46 and a 200 day moving average price of $857.62. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The stock has a market cap of $52.08 billion, a PE ratio of 21.05, a P/E/G ratio of 1.85 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $11.80 EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date was Wednesday, November 12th. This represents a $7.16 dividend on an annualized basis and a yield of 0.9%. United Rentals’s payout ratio is presently 18.42%.

United Rentals Company 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.