SOA Wealth Advisors LLC. Invests $4.69 Million in United Rentals, Inc. (NYSE:URI)

SOA Wealth Advisors LLC. purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,488 shares of the construction company’s stock, valued at approximately $4,693,000.

A number of other institutional investors have also bought and sold shares of URI. Rialto Wealth Management LLC bought a new stake in United Rentals during the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Rentals during the fourth quarter valued at about $27,000. Meeder Asset Management Inc. raised its holdings in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares during the period. Kestra Investment Management LLC acquired a new position in shares of United Rentals during the fourth quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals during the fourth quarter valued at about $36,000. Institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now directly owns 1,921 shares of the company’s stock, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI dropped their price objective on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating on the stock in a report on Monday, May 19th. Truist Financial upped their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a report on Friday, April 25th. Robert W. Baird upped their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. The Goldman Sachs Group upped their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. One investment 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, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $753.15.

United Rentals Trading Up 1.1%

NYSE:URI opened at $707.02 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a 50-day moving average of $650.15 and a 200-day moving average of $696.47. The company has a market cap of $45.96 billion, a PE ratio of 18.25, a PEG ratio of 1.43 and a beta of 1.71. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI) last posted its 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 return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm earned $9.15 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s payout ratio is 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.