8,147 Shares in United Rentals, Inc. $URI Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 8,147 United Rentals shares worth approximately $9.23 million, while institutional investors collectively own 96.26% of the company.
• United Rentals reported quarterly EPS of $12.76, beating estimates by $1.23, and revenue of $4.41 billion, up 11.8% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $1,246.19; meanwhile, an executive sold 1,500 shares for roughly $1.70 million.

Jupiter Topco LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,147 shares of the construction company's stock, valued at approximately $9,227,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PFG Investments LLC boosted its position in United Rentals by 0.9% during the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company's stock valued at $854,000 after purchasing an additional 11 shares in the last quarter. CoreCap Advisors LLC grew its stake in United Rentals by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company's stock worth $86,000 after buying an additional 11 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in United Rentals by 2.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company's stock valued at $292,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company's stock valued at $260,000 after buying an additional 12 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its stake in United Rentals by 2.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company's stock valued at $441,000 after buying an additional 12 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP William E. Grace sold 1,500 shares of the business's stock in a transaction dated Friday, July 24th. The shares were 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 owned 6,062 shares of the company's stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URI. Argus restated a "buy" rating and set a $1,250.00 price target on shares of United Rentals in a research note on Tuesday, August 4th. Evercore reaffirmed an "outperform" rating and issued a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. Bank of America lifted their target price on shares of United Rentals from $1,195.00 to $1,300.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Truist Financial boosted their price target on United Rentals from $1,421.00 to $1,466.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, BNP Paribas Exane raised shares of United Rentals from a "neutral" rating to an "outperform" rating and set a $1,320.00 price objective on the stock in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,246.19.

United Rentals Stock Performance

Shares of URI stock opened at $1,030.64 on Monday. The company has a market capitalization of $64.15 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.33 and a beta of 1.80. The business's 50 day moving average is $1,097.31 and its two-hundred day moving average is $957.73. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts' consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $10.47 earnings per share. Analysts expect that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals's dividend payout ratio (DPR) is currently 18.92%.

United Rentals 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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