V Square Quantitative Management LLC Buys 218 Shares of United Rentals, Inc. (NYSE:URI)

V Square Quantitative Management LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 11.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,184 shares of the construction company’s stock after acquiring an additional 218 shares during the quarter. V Square Quantitative Management LLC’s holdings in United Rentals were worth $1,768,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of URI. First Financial Corp IN bought a new stake in shares of United Rentals in the 1st quarter valued at $25,000. Crewe Advisors LLC bought a new stake in United Rentals in the 1st quarter valued at $27,000. RFP Financial Group LLC increased its holdings in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of United Rentals in the first quarter valued at about $28,000. Finally, Riverview Trust Co bought a new position in shares of United Rentals during the first quarter worth about $31,000. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of URI stock traded down $6.43 on Friday, hitting $834.11. 35,755 shares of the company’s stock were exchanged, compared to its average volume of 539,696. The company has a 50 day moving average of $757.38 and a 200 day moving average of $702.76. The stock has a market cap of $55.54 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $861.74.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.88 earnings per share. On average, equities research analysts predict that United Rentals, Inc. will post 44.39 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s payout ratio is currently 17.66%.

Wall Street Analysts Forecast Growth

Several research firms have commented on URI. Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI upped their target price on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Citigroup upped their price objective on United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $714.92.

About United Rentals

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.