Sowell Financial Services LLC Makes New $1.92 Million Investment in United Rentals, Inc. (NYSE:URI)

Sowell Financial Services LLC bought a new stake 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. The firm bought 3,060 shares of the construction company’s stock, valued at approximately $1,918,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock valued at $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in United Rentals in the 4th quarter valued at about $649,000. Penobscot Investment Management Company Inc. lifted its stake in United Rentals by 35.1% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock valued at $2,898,000 after buying an additional 1,068 shares in the last quarter. US Bancorp DE lifted its stake in United Rentals by 2.2% in the 4th quarter. US Bancorp DE now owns 21,321 shares of the construction company’s stock valued at $15,019,000 after buying an additional 462 shares in the last quarter. Finally, Callan Family Office LLC lifted its stake in United Rentals by 87.6% in the 4th quarter. Callan Family Office LLC now owns 1,124 shares of the construction company’s stock valued at $792,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research reports. Sanford C. Bernstein upgraded United Rentals from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $920.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Redburn Atlantic lowered United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective on the stock. in a report on Friday, June 13th. Robert W. Baird raised their price objective on United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Finally, Truist Financial raised their price target on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and an average price target of $753.64.

Insider Buying and Selling at United Rentals

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

United Rentals Stock Up 1.0%

NYSE URI opened at $695.30 on Wednesday. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The business’s fifty day simple moving average is $667.38 and its 200-day simple moving average is $689.05. The firm has a market cap of $45.19 billion, a PE ratio of 18.00, a P/E/G ratio of 1.68 and a beta of 1.70.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $9.15 earnings per share. United Rentals’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio is presently 18.54%.

United Rentals Company 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.