Edgemoor Investment Advisors Inc. Has $67.68 Million Position in United Rentals, Inc. $URI

Edgemoor Investment Advisors Inc. lowered its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,899 shares of the construction company’s stock after selling 746 shares during the period. United Rentals makes up 5.2% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 4th largest position. Edgemoor Investment Advisors Inc. owned approximately 0.11% of United Rentals worth $67,684,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Salomon & Ludwin LLC grew its position in United Rentals by 650.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after buying an additional 26 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of United Rentals in the 3rd quarter worth approximately $32,000. Loomis Sayles & Co. L P bought a new position in shares of United Rentals in the second quarter valued at approximately $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of United Rentals during the third quarter valued at approximately $40,000. Finally, Frazier Financial Advisors LLC raised its holdings in United Rentals by 250.0% during the third quarter. Frazier Financial Advisors LLC now owns 42 shares of the construction company’s stock worth $40,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Down 2.6%

Shares of URI opened at $876.25 on Tuesday. The business’s 50-day moving average price is $853.05 and its 200 day moving average price is $889.74. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $55.20 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.44 and a beta of 1.70. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.24 billion. United Rentals had a net margin of 15.49% and a return on equity of 30.35%. United Rentals’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $11.59 earnings per share. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 11th. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. United Rentals’s dividend payout ratio is presently 18.51%.

United Rentals announced that its board has initiated a share repurchase program on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on URI. Wells Fargo & Company boosted their price objective on United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. KeyCorp set a $950.00 price target on shares of United Rentals in a research report on Friday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of United Rentals from $1,150.00 to $970.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective on the stock in a research note on Sunday, January 4th. Finally, Citigroup dropped their target price on shares of United Rentals from $1,090.00 to $950.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $925.59.

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,498 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the sale, the executive vice president directly owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 2,490 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the completion of the sale, the executive vice president directly owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by insiders.

United Rentals Company Profile

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.