Arkadios Wealth Advisors Has $3.66 Million Holdings in United Rentals, Inc. (NYSE:URI)

Arkadios Wealth Advisors grew its position in United Rentals, Inc. (NYSE:URI) by 862.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,843 shares of the construction company’s stock after purchasing an additional 5,236 shares during the quarter. Arkadios Wealth Advisors’ holdings in United Rentals were worth $3,662,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. XTX Topco Ltd raised its stake in United Rentals by 107.4% in the 1st quarter. XTX Topco Ltd now owns 3,399 shares of the construction company’s stock worth $2,130,000 after purchasing an additional 1,760 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of United Rentals in the first quarter valued at approximately $2,493,000. Geneos Wealth Management Inc. grew its position in United Rentals by 71.6% during the first quarter. Geneos Wealth Management Inc. now owns 8,934 shares of the construction company’s stock worth $5,599,000 after buying an additional 3,727 shares in the last quarter. TCTC Holdings LLC grew its position in United Rentals by 100.0% during the first quarter. TCTC Holdings LLC now owns 118 shares of the construction company’s stock worth $74,000 after buying an additional 59 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in United Rentals by 263.4% during the 1st quarter. Meeder Asset Management Inc. now owns 149 shares of the construction company’s stock worth $93,000 after acquiring an additional 108 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction on 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 transaction, the vice president directly owned 1,921 shares of the company’s stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Trading Down 0.2%

NYSE URI opened at $880.88 on Thursday. The company has a market cap of $56.68 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $903.60. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The business’s fifty day moving average is $758.38 and its 200 day moving average is $698.40.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $10.70 earnings per share. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.81%. United Rentals’s dividend payout ratio (DPR) is presently 18.52%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup restated a “buy” rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Morgan Stanley boosted their target price on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial increased their price target on shares of United Rentals from $786.00 to $952.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. KeyCorp boosted their price objective on shares of United Rentals from $865.00 to $960.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, UBS Group raised their target price on United Rentals from $780.00 to $835.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $830.71.

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.