Consolidated Investment Group LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Consolidated Investment Group LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,700 shares of the construction company's stock, valued at approximately $3,572,000.

Several other large investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH grew its stake in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after purchasing an additional 14 shares during the period. Forum Financial Management LP grew its stake in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after purchasing an additional 14 shares during the period. Global Retirement Partners LLC grew its stake in shares of United Rentals by 4.5% in the 4th quarter. Global Retirement Partners LLC now owns 395 shares of the construction company's stock valued at $278,000 after purchasing an additional 17 shares during the period. Centaurus Financial Inc. grew its stake in shares of United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares during the period. Finally, Howard Capital Management Inc. grew its stake in shares of United Rentals by 4.6% in the 4th quarter. Howard Capital Management Inc. now owns 412 shares of the construction company's stock valued at $290,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Trading Up 1.6%

NYSE:URI traded up $11.17 during trading hours on Monday, hitting $716.57. 334,120 shares of the stock were exchanged, compared to its average volume of 585,236. The company's 50 day moving average is $673.94 and its two-hundred day moving average is $684.44. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month 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 company has a market capitalization of $46.58 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.71.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $3.61 billion. During the same period in the prior year, the company posted $9.15 EPS. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared 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 1.00%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is currently 18.54%.

Analyst Ratings Changes

URI has been the topic of several analyst reports. Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and increased their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird increased their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $753.64.

Insider Activity

In other news, VP Andrew B. Limoges sold 708 shares of the 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 transaction, the vice president now owns 1,921 shares of the company's stock, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction on Tuesday, April 29th. The shares were 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 now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

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.