One Wealth Advisors LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,292 shares of the construction company’s stock, valued at approximately $1,464,000.
Several other large investors have also recently modified their holdings of URI. Bridgewater Advisors Inc. bought a new stake in shares of United Rentals in the 2nd quarter valued at about $1,015,000. SFE Investment Counsel purchased a new stake in United Rentals during the 2nd quarter valued at about $12,765,000. BIP Wealth LLC bought a new position in United Rentals during the 2nd quarter worth approximately $315,000. Phillips Financial Management LLC purchased a new position in United Rentals in the 2nd quarter worth approximately $216,000. Finally, Pecaut & CO. bought a new stake in United Rentals in the second quarter valued at approximately $1,590,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on URI. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research note on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a research note on Wednesday, June 10th. Argus reiterated a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a report on Tuesday, August 4th. Royal Bank Of Canada increased their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.
United Rentals Trading Up 3.1%
NYSE URI opened at $1,155.25 on Friday. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. The stock has a 50 day simple moving average of $1,095.03 and a two-hundred day simple moving average of $940.41. The stock has a market cap of $71.90 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.80.
United Rentals (NYSE:URI – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company earned $10.47 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.
United Rentals Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is 18.92%.
Insider Transactions at United Rentals
In other United Rentals news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.
United Rentals 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.
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