Western Wealth Management LLC Boosts Stock Position in United Rentals, Inc. $URI

Western Wealth Management LLC lifted its stake in United Rentals, Inc. (NYSE:URIFree Report) by 56.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,411 shares of the construction company’s stock after purchasing an additional 508 shares during the quarter. Western Wealth Management LLC’s holdings in United Rentals were worth $1,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Eley Financial Management Inc acquired a new stake in shares of United Rentals in the 1st quarter worth $3,319,000. Paragon Private Wealth Management LLC boosted its position in shares of United Rentals by 5.1% during the 1st quarter. Paragon Private Wealth Management LLC now owns 2,008 shares of the construction company’s stock valued at $1,463,000 after acquiring an additional 97 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of United Rentals by 14.7% in the first quarter. Bank of America Corp DE now owns 806,380 shares of the construction company’s stock valued at $587,496,000 after purchasing an additional 103,371 shares during the period. RBF Capital LLC grew its holdings in shares of United Rentals by 18.2% in the first quarter. RBF Capital LLC now owns 13,000 shares of the construction company’s stock valued at $9,471,000 after purchasing an additional 2,000 shares during the period. Finally, Janus Henderson Group PLC increased its position in United Rentals by 4.8% during the first quarter. Janus Henderson Group PLC now owns 8,108 shares of the construction company’s stock worth $5,899,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In related news, EVP William E. Grace sold 1,500 shares of United Rentals stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

United Rentals Trading Up 0.1%

NYSE URI opened at $1,080.77 on Monday. The firm’s 50-day moving average is $1,067.76 and its two-hundred day moving average is $925.23. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,177.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The stock has a market capitalization of $67.27 billion, a P/E ratio of 25.96, a PEG ratio of 1.40 and a beta of 1.79.

United Rentals (NYSE:URIGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the business earned $10.47 earnings per share. On average, sell-side analysts anticipate that United Rentals, Inc. will post 48.35 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a dividend of $1.97 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Analyst Ratings Changes

A number of brokerages have commented on URI. Barclays lifted their target price on shares of United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research note on Wednesday, June 10th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Morgan Stanley set a $1,335.00 price target on shares of United Rentals and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 price objective on United Rentals in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,226.50.

Get Our Latest Analysis on United Rentals

About United Rentals

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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