Gilpin Wealth Management LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 500 shares of the construction company’s stock, valued at approximately $405,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. Aventura Private Wealth LLC bought a new position in United Rentals during the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter valued at approximately $28,000. Abich Financial Wealth Management LLC bought a new position in United Rentals during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund bought a new position in United Rentals during the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter valued at approximately $32,000. Institutional investors own 96.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Citigroup raised their price objective 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. KeyCorp raised their price objective on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a research report on Thursday, April 9th. UBS Group increased their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Thirteen 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’s stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.
Insider Transactions at United Rentals
In related news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was 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 $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last ninety days. 0.47% of the stock is owned by company insiders.
United Rentals Trading Down 3.4%
Shares of United Rentals stock opened at $1,056.72 on Thursday. The company has a market cap of $66.20 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.73 and a beta of 1.81. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88. The company’s fifty day simple moving average is $906.76 and its 200-day simple moving average is $858.86. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.
United Rentals (NYSE:URI – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $8.86 earnings per share. As a group, sell-side analysts expect that United Rentals, Inc. will post 47.14 EPS for the current year.
United Rentals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 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.
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