2,944 Shares in United Rentals, Inc. $URI Purchased by Wealth Effects LLC

Key Points

• Wealth Effects LLC purchased 2,944 United Rentals shares worth approximately $3.34 million, making URI about 0.9% of its portfolio. Institutional investors collectively own 96.26% of the company.
• United Rentals reported quarterly EPS of $12.76 and revenue of $4.41 billion, exceeding analyst estimates, while revenue increased 11.8% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,246.19; the company also announced a quarterly dividend of $1.97 per share.

Wealth Effects LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,944 shares of the construction company's stock, valued at approximately $3,335,000. United Rentals comprises approximately 0.9% of Wealth Effects LLC's portfolio, making the stock its 25th biggest position.

Several other large investors also recently made changes to their positions in URI. Core Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $28,000. MV Capital Management Inc. bought a new stake in United Rentals during the fourth quarter worth approximately $28,000. Laurel Wealth Advisors LLC acquired a new position in United Rentals in the fourth quarter worth approximately $32,000. Hilton Head Capital Partners LLC acquired a new position in United Rentals in the fourth quarter worth approximately $34,000. Finally, Frazier Financial Advisors LLC increased its holdings in shares of United Rentals by 33.3% in the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company's stock valued at $41,000 after buying an additional 14 shares in the last quarter. Institutional investors own 96.26% of the company's stock.

United Rentals Price Performance

NYSE URI opened at $1,155.25 on Monday. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The stock's 50-day moving average is $1,095.03 and its two-hundred day moving average is $940.62. The firm 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. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.53 by $1.23. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm's revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.47 EPS. On average, analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders 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 yield of 0.7%. United Rentals's dividend payout ratio is presently 18.92%.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 6,062 shares in the company, 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 SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. KeyCorp reiterated an "overweight" rating and set a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Wall Street Zen upgraded United Rentals from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Evercore reaffirmed an "outperform" rating and set a $1,101.00 target price on shares of United Rentals in a research report on Monday, May 11th. Barclays upped their target price on United Rentals from $715.00 to $950.00 and gave the company an "underweight" rating in a report on Friday, July 24th. Finally, UBS Group lifted their price target on United Rentals from $1,300.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,246.19.

About United Rentals

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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