Philadelphia Investment Partners LLC Invests $1.82 Million in United Rentals, Inc. $URI

Philadelphia Investment Partners LLC bought a new stake in United Rentals, Inc. (NYSE:URIFree Report) in the second quarter, HoldingsChannel reports. The firm bought 1,609 shares of the construction company’s stock, valued at approximately $1,823,000. United Rentals accounts for 1.1% of Philadelphia Investment Partners LLC’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in United Rentals in the second quarter worth $5,816,326,000. Norges Bank purchased a new position in United Rentals during the fourth quarter valued at $978,017,000. Bank of America Corp DE bought a new stake in shares of United Rentals during the 2nd quarter valued at $944,196,000. The Manufacturers Life Insurance Company bought a new stake in shares of United Rentals during the 2nd quarter valued at $716,129,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of United Rentals in the 2nd quarter worth about $412,860,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Up 0.5%

NYSE:URI opened at $1,058.50 on Thursday. The stock has a market cap of $65.88 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.36 and a beta of 1.80. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average price is $1,099.04 and its 200-day moving average price is $955.68. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18.

United Rentals (NYSE:URIGet Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $10.47 EPS. On average, equities research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is currently 18.92%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Citigroup boosted their price objective on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Argus reiterated a “buy” rating and set a $1,250.00 target price on shares of United Rentals in a report on Tuesday, August 4th. Finally, Bank of America lifted their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,246.19.

View Our Latest Stock Report on URI

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

About United Rentals

(Free Report)

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.

See Also

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URIFree Report).

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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