Clarius Group LLC Has $657,000 Stock Position in United Rentals, Inc. $URI

Clarius Group LLC lowered its stake in United Rentals, Inc. (NYSE:URI) by 56.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 688 shares of the construction company’s stock after selling 907 shares during the quarter. Clarius Group LLC’s holdings in United Rentals were worth $657,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in URI. Norges Bank bought a new stake in United Rentals in the 2nd quarter valued at $776,102,000. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 780,322 shares during the period. Boston Partners raised its stake in shares of United Rentals by 74.5% in the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company’s stock valued at $542,526,000 after purchasing an additional 305,378 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of United Rentals in the second quarter valued at about $152,069,000. Finally, The Manufacturers Life Insurance Company boosted its position 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 buying an additional 190,007 shares during the period. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI opened at $817.25 on Tuesday. 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’s fifty day simple moving average is $852.95 and its 200 day simple moving average is $862.09. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. The company has a market cap of $52.00 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.85 and a beta of 1.68.

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

United Rentals Announces Dividend

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

Analyst Ratings Changes

URI has been the topic of a number of recent research reports. KeyCorp reissued an “overweight” rating on shares of United Rentals in a research report on Wednesday, December 3rd. UBS Group reiterated a “neutral” rating and issued a $1,025.00 price objective on shares of United Rentals in a report on Tuesday, October 28th. Royal Bank Of Canada set a $1,123.00 price objective on shares of United Rentals in a research report on Friday, October 24th. Baird R W upgraded shares of United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, BNP Paribas set a $900.00 price target on shares of United Rentals and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and a consensus price target of $954.83.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.