Chapin Davis Inc. Makes New Investment in United Rentals, Inc. $URI

Chapin Davis Inc. acquired a new stake in United Rentals, Inc. (NYSE:URI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,816 shares of the construction company’s stock, valued at approximately $4,598,000. United Rentals makes up 1.1% of Chapin Davis Inc.’s investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new stake in United Rentals in the second quarter valued at $28,000. Maseco LLP purchased a new position in shares of United Rentals in the 2nd quarter valued at about $32,000. Flaharty Asset Management LLC acquired a new stake in shares of United Rentals during the 1st quarter worth about $30,000. Trust Co. of Toledo NA OH purchased a new stake in United Rentals during the second quarter worth approximately $38,000. Finally, Hantz Financial Services Inc. lifted its stake in United Rentals by 103.7% during the second quarter. Hantz Financial Services Inc. now owns 55 shares of the construction company’s stock worth $42,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE:URI opened at $799.64 on Friday. United Rentals, Inc. has a one year low of $525.91 and a one year high of $1,021.47. The stock has a market capitalization of $50.88 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.80 and a beta of 1.68. The company has a 50-day simple moving average of $858.89 and a 200-day simple moving average of $858.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a return on equity of 31.30% and a net margin of 15.83%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $11.80 EPS. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current 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 issued 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 dividend yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Wall Street Analyst Weigh In

Several equities analysts have commented on URI shares. BNP Paribas Exane upgraded 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. Royal Bank Of Canada set a $1,123.00 price target on shares of United Rentals in a research note on Friday, October 24th. Barclays decreased their price objective on shares of United Rentals from $620.00 to $600.00 and set an “underweight” rating for the company in a research note on Monday, October 20th. BNP Paribas set a $900.00 price objective on United Rentals and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Finally, Wells Fargo & Company initiated coverage on United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $954.83.

United Rentals 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.