Kendall Capital Management Sells 128 Shares of United Rentals, Inc. (NYSE:URI)

Kendall Capital Management reduced its position in shares of United Rentals, Inc. (NYSE:URI) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,314 shares of the construction company’s stock after selling 128 shares during the period. Kendall Capital Management’s holdings in United Rentals were worth $2,143,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of United Rentals by 5.7% during the second quarter. Hsbc Holdings PLC now owns 382,536 shares of the construction company’s stock valued at $247,001,000 after purchasing an additional 20,481 shares in the last quarter. Waterloo Capital L.P. lifted its position in shares of United Rentals by 0.5% during the second quarter. Waterloo Capital L.P. now owns 4,816 shares of the construction company’s stock valued at $3,115,000 after purchasing an additional 26 shares in the last quarter. Marsico Capital Management LLC lifted its position in shares of United Rentals by 27.0% during the second quarter. Marsico Capital Management LLC now owns 6,401 shares of the construction company’s stock valued at $4,140,000 after purchasing an additional 1,360 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of United Rentals by 15.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,730 shares of the construction company’s stock valued at $4,958,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of United Rentals by 15.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,089 shares of the construction company’s stock valued at $704,000 after purchasing an additional 145 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective on the stock. Raymond James initiated coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Citigroup initiated coverage on shares of United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $675.15.

United Rentals Price Performance

URI opened at $773.29 on Thursday. The firm has a 50-day moving average price of $715.08 and a 200-day moving average price of $685.31. The company has a market capitalization of $51.49 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.72 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $801.39. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the company earned $9.88 earnings per share. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post 44.39 EPS for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.84%. United Rentals’s dividend payout ratio is presently 17.66%.

Insiders Place Their Bets

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.53% of the company’s stock.

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.