Cwm LLC Acquires 159 Shares of United Rentals, Inc. (NYSE:URI)

Cwm LLC raised its stake in shares of United Rentals, Inc. (NYSE:URIFree Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,737 shares of the construction company’s stock after acquiring an additional 159 shares during the quarter. Cwm LLC’s holdings in United Rentals were worth $3,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Research Global Investors boosted its position in United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after purchasing an additional 1,799,997 shares in the last quarter. Norges Bank purchased a new position in shares of United Rentals in the 4th quarter worth approximately $977,443,000. Dimensional Fund Advisors LP raised its stake in shares of United Rentals by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after acquiring an additional 56,948 shares in the last quarter. International Assets Investment Management LLC lifted its position in United Rentals by 58,829.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after acquiring an additional 1,041,281 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in United Rentals by 1.5% in the third quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock valued at $302,404,000 after acquiring an additional 10,018 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

United Rentals Price Performance

Shares of United Rentals stock traded up $25.60 on Wednesday, hitting $644.89. The company’s stock had a trading volume of 1,017,957 shares, compared to its average volume of 556,604. The company has a market capitalization of $42.94 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.75. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The firm has a fifty day moving average price of $663.45 and a 200-day moving average price of $637.77.

United Rentals (NYSE:URIGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the firm posted $7.95 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 43.77 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. United Rentals’s payout ratio is 17.66%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Evercore ISI increased their price target on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Stifel Nicolaus raised their price target on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group upped their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average target price of $612.73.

Check Out Our Latest Report on URI

United Rentals Company Profile

(Free Report)

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.

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

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