TD Asset Management Inc Has $54.08 Million Stock Position in United Rentals, Inc. (NYSE:URI)

TD Asset Management Inc grew its position in United Rentals, Inc. (NYSE:URI) by 6.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 83,624 shares of the construction company’s stock after purchasing an additional 5,157 shares during the period. TD Asset Management Inc’s holdings in United Rentals were worth $54,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in URI. First Financial Corp IN acquired a new position in shares of United Rentals in the first quarter worth about $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals during the first quarter worth approximately $27,000. RFP Financial Group LLC boosted its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the period. Rise Advisors LLC acquired a new stake in shares of United Rentals during the first quarter worth approximately $28,000. Finally, Riverview Trust Co acquired a new stake in shares of United Rentals during the first quarter worth approximately $31,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares of the company’s stock, valued at $2,822,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore ISI raised their price target on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Raymond James assumed coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target for the company. The Goldman Sachs Group raised their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Citigroup began coverage on shares of United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price target for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $675.15.

United Rentals Trading Down 2.4 %

NYSE:URI opened at $680.99 on Friday. United Rentals, Inc. has a 12 month low of $387.01 and a 12 month high of $789.80. The firm has a market cap of $45.04 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.62 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average is $703.72 and its 200-day moving average is $682.54.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS 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 for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $9.88 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that United Rentals, Inc. will post 44.5 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is 17.66%.

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.