Williams Jones Wealth Management LLC. Acquires 187 Shares of United Rentals, Inc. (NYSE:URI)

Williams Jones Wealth Management LLC. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,787 shares of the construction company’s stock after acquiring an additional 187 shares during the period. Williams Jones Wealth Management LLC.’s holdings in United Rentals were worth $1,259,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Adell Harriman & Carpenter Inc. raised its position in United Rentals by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock valued at $573,000 after purchasing an additional 14 shares during the period. Valmark Advisers Inc. increased its position in shares of United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock valued at $555,000 after purchasing an additional 14 shares during the last quarter. Erste Asset Management GmbH raised its holdings in United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after buying an additional 14 shares during the period. Forum Financial Management LP raised its holdings in United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock valued at $528,000 after buying an additional 14 shares during the period. Finally, Klingman & Associates LLC lifted its position in United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock worth $471,000 after buying an additional 15 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. The trade was a 13.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Andrew B. Limoges sold 708 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,908 shares of company stock worth $1,890,567. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

URI has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. UBS Group upgraded shares of United Rentals from a “sell” rating to a “neutral” rating and upped their price target for the company from $485.00 to $780.00 in a report on Friday, May 16th. Truist Financial raised their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Morgan Stanley upgraded United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 target price for the company in a research report on Wednesday, April 16th. Finally, Cfra Research upgraded United Rentals to a “strong-buy” rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $744.31.

United Rentals Trading Down 1.4%

Shares of NYSE URI opened at $714.09 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $631.47 and a two-hundred day simple moving average of $709.07. The firm has a market cap of $46.42 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the business posted $9.15 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect 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 will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.00%. United Rentals’s dividend payout ratio is currently 18.54%.

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.