Gallacher Capital Management LLC Purchases New Holdings in United Rentals, Inc. (NYSE:URI)

Gallacher Capital Management LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 352 shares of the construction company's stock, valued at approximately $221,000.

Several other institutional investors have also recently made changes to their positions in the stock. Bingham Private Wealth LLC raised its holdings in shares of United Rentals by 15.3% during the first quarter. Bingham Private Wealth LLC now owns 376 shares of the construction company's stock valued at $236,000 after purchasing an additional 50 shares during the period. Sargent Investment Group LLC raised its holdings in shares of United Rentals by 12.8% in the 1st quarter. Sargent Investment Group LLC now owns 627 shares of the construction company's stock worth $393,000 after acquiring an additional 71 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of United Rentals by 0.6% in the 1st quarter. Montag A & Associates Inc. now owns 12,179 shares of the construction company's stock worth $7,633,000 after acquiring an additional 77 shares during the last quarter. Copperwynd Financial LLC raised its holdings in shares of United Rentals by 3.7% in the 1st quarter. Copperwynd Financial LLC now owns 1,295 shares of the construction company's stock worth $812,000 after acquiring an additional 46 shares during the last quarter. Finally, South Dakota Investment Council grew its position in United Rentals by 3.3% in the 1st quarter. South Dakota Investment Council now owns 4,753 shares of the construction company's stock worth $2,979,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Buying and Selling

In other news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president directly owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% 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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and increased their target price for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. Evercore ISI lowered their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Finally, Truist Financial raised their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus target price of $772.77.

United Rentals Trading Up 1.9%

United Rentals stock traded up $14.51 during trading hours on Tuesday, reaching $792.53. The stock had a trading volume of 838,996 shares, compared to its average volume of 587,920. The stock has a market cap of $51.51 billion, a PE ratio of 18.11, a PEG ratio of 1.90 and a beta of 1.69. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The company has a fifty day simple moving average of $736.90 and a 200-day simple moving average of $689.14.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.15 EPS. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's payout ratio is presently 18.54%.

United Rentals 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.