United Rentals, Inc. $URI Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its position in shares of United Rentals, Inc. (NYSE:URI) by 100.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,881 shares of the construction company’s stock after purchasing an additional 8,443 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in United Rentals were worth $12,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of United Rentals by 1.0% during the second quarter. Vanguard Group Inc. now owns 7,494,303 shares of the construction company’s stock valued at $5,646,208,000 after buying an additional 72,267 shares during the period. JPMorgan Chase & Co. raised its holdings in United Rentals by 71.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock valued at $1,411,968,000 after acquiring an additional 780,322 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of United Rentals by 6.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,231,108 shares of the construction company’s stock worth $927,517,000 after purchasing an additional 70,870 shares during the period. Norges Bank acquired a new stake in shares of United Rentals during the second quarter worth $776,102,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of United Rentals by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 849,786 shares of the construction company’s stock worth $532,561,000 after purchasing an additional 190,007 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Down 1.6%

Shares of United Rentals stock opened at $784.49 on Tuesday. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $1,021.47. The stock has a market cap of $49.92 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.68. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average price of $885.92 and a 200 day moving average price of $854.62.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the business earned $11.80 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.16 annualized dividend and a yield of 0.9%. United Rentals’s payout ratio is 18.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Argus set a $935.00 target price on United Rentals in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, October 8th. Royal Bank Of Canada set a $1,123.00 target price on shares of United Rentals in a research report on Friday, October 24th. BNP Paribas Exane raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $900.00 price target on the stock in a research note on Tuesday, September 16th. Finally, KeyCorp reiterated an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $968.94.

United Rentals Company Profile

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.