X Square Capital LLC Invests $5.87 Million in United Rentals, Inc. $URI

X Square Capital LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,181 shares of the construction company’s stock, valued at approximately $5,869,000. United Rentals accounts for 1.5% of X Square Capital LLC’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new stake in United Rentals during the 4th quarter worth approximately $28,000. MV Capital Management Inc. bought a new position in United Rentals in the 4th quarter valued at $28,000. MidFirst Bank bought a new position in United Rentals in the 2nd quarter valued at $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter valued at $32,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of United Rentals during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of several research analyst reports. Wells Fargo & Company upped their price target on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Barclays upped their target price on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Finally, UBS Group lifted their price target on United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,246.19.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

United Rentals Stock Performance

United Rentals stock opened at $1,095.21 on Friday. The firm’s fifty day moving average price is $1,099.22 and its 200-day moving average price is $949.51. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. The stock has a market cap of $68.17 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm posted $10.47 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts expect 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 will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.97 per share. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 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.