Allworth Financial LP purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,218 shares of the construction company's stock, valued at approximately $1,380,000.
Several other hedge funds and other institutional investors have also made changes to their positions in URI. SFE Investment Counsel acquired a new stake in United Rentals during the second quarter worth approximately $12,765,000. Eventide Asset Management LLC boosted its holdings in shares of United Rentals by 19.6% in the 4th quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company's stock valued at $77,666,000 after buying an additional 15,696 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of United Rentals by 52.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company's stock valued at $2,623,000 after buying an additional 1,109 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of United Rentals by 9.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,782 shares of the construction company's stock valued at $7,855,000 after buying an additional 950 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of United Rentals by 995.1% in the 4th quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company's stock valued at $11,016,000 after buying an additional 12,369 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.
Analyst Upgrades and Downgrades
URI has been the subject of a number of research reports. Weiss Ratings raised shares of United Rentals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. Barclays raised their price objective on United Rentals from $715.00 to $950.00 and gave the stock an "underweight" rating in a report on Friday, July 24th. KeyCorp reiterated an "overweight" rating and set a $1,350.00 target price on shares of United Rentals in a research report on Friday, July 24th. Argus reissued a "buy" rating and issued a $1,250.00 target price on shares of United Rentals in a report on Tuesday, August 4th. Finally, Truist Financial upped their target price on United Rentals from $1,421.00 to $1,466.00 and gave the company a "buy" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and a consensus target price of $1,246.19.
Get Our Latest Research Report on United Rentals
United Rentals Trading Down 0.0%
Shares of United Rentals stock opened at $1,095.21 on Friday. 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 company has a market capitalization of $68.17 billion, a P/E ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company's fifty day moving average is $1,099.22 and its two-hundred day moving average is $949.51.
United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.47 earnings per share. 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. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.97 per share. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 12th. United Rentals's dividend payout ratio is 18.92%.
Insider Activity at United Rentals
In related news, EVP William E. Grace sold 1,500 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company's stock, valued at $6,869,155.30. This trade represents a 19.84% 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 link. 0.47% of the stock is owned by company insiders.
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.
See Also
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).
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