Massmutual Trust Co. FSB ADV Has $151,000 Stake in United Rentals, Inc. (NYSE:URI)

Massmutual Trust Co. FSB ADV grew its holdings in United Rentals, Inc. (NYSE:URI) by 21.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233 shares of the construction company’s stock after acquiring an additional 41 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in United Rentals were worth $151,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. First Financial Corp IN bought a new stake in United Rentals during the 1st quarter worth $25,000. Crewe Advisors LLC bought a new position in shares of United Rentals in the first quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of United Rentals in the first quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in United Rentals in the first quarter valued at approximately $31,000. Finally, PFS Partners LLC purchased a new stake in shares of United Rentals during the first quarter worth $36,000. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Citigroup assumed coverage on United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. The Goldman Sachs Group upped their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Finally, Stifel Nicolaus increased their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Hold” and an average price target of $670.92.

United Rentals Trading Down 0.4 %

NYSE:URI traded down $2.82 during trading hours on Monday, reaching $668.61. The company’s stock had a trading volume of 834,883 shares, compared to its average volume of 591,715. The firm has a 50-day simple moving average of $668.89 and a 200-day simple moving average of $670.25. The firm has a market capitalization of $44.22 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.00 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $789.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.77 billion. During the same quarter last year, the business posted $9.88 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts expect that United Rentals, Inc. will post 44.35 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be issued a $1.63 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.98%. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

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.