Signet Private Wealth LLC acquired a new position in United Rentals, Inc. (NYSE:URI – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 688 shares of the construction company’s stock, valued at approximately $557,000.
Several other large investors have also bought and sold shares of URI. Woodline Partners LP grew its holdings in shares of United Rentals by 40.0% during the 1st quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after acquiring an additional 1,577 shares during the period. Sei Investments Co. lifted its stake in shares of United Rentals by 24.7% in the 2nd quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock valued at $20,444,000 after purchasing an additional 5,375 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of United Rentals by 43.6% during the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock valued at $42,233,000 after purchasing an additional 17,030 shares in the last quarter. HUB Investment Partners LLC boosted its position in shares of United Rentals by 11.3% during the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock valued at $1,661,000 after purchasing an additional 223 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,277 shares during the period. 96.26% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on URI shares. Royal Bank Of Canada increased their price objective on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Robert W. Baird increased their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Citigroup lifted their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Barclays boosted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,029.00.
Insider Activity
In other United Rentals news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president owned 5,738 shares in the company, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 in the last quarter. 0.47% of the stock is owned by company insiders.
United Rentals Trading Down 3.4%
United Rentals stock opened at $1,056.72 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The business’s fifty day simple moving average is $906.76 and its two-hundred day simple moving average is $858.86. United Rentals, Inc. has a 12 month low of $682.08 and a 12 month high of $1,106.88. The company has a market capitalization of $66.20 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.73 and a beta of 1.81.
United Rentals (NYSE:URI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.86 earnings per share. As a group, equities analysts predict that United Rentals, Inc. will post 47.14 earnings per share for the current fiscal year.
United Rentals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.
United Rentals Company Profile
United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.
The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.
Featured Articles
- Five stocks we like better than United Rentals
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI – Free Report).
Receive News & Ratings for United Rentals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals and related companies with MarketBeat.com's FREE daily email newsletter.
