Arkadios Wealth Advisors Grows Stake in United Rentals, Inc. (NYSE:URI)

Key Points

• Arkadios Wealth Advisors significantly increased its holdings in United Rentals, Inc. by 862.6%, owning shares valued at $3.66 million as of the latest SEC filing.
• Institutional investors own 96.26% of United Rentals' stock, indicating strong institutional interest in the company.
• United Rentals reported earnings per share of $10.47 for the last quarter, slightly missing analyst expectations, while its revenue increased by 4.5% year-over-year.

Arkadios Wealth Advisors increased its position in United Rentals, Inc. (NYSE:URI - Free Report) by 862.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,843 shares of the construction company's stock after purchasing an additional 5,236 shares during the period. Arkadios Wealth Advisors' holdings in United Rentals were worth $3,662,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after purchasing an additional 29 shares in the last quarter. TruNorth Capital Management LLC lifted its holdings in shares of United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals during the first quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after purchasing an additional 20 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in shares of United Rentals during the first quarter valued at $36,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI traded down $23.18 during midday trading on Friday, reaching $859.77. The company had a trading volume of 655,436 shares, compared to its average volume of 656,993. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average of $765.18 and a two-hundred day moving average of $700.65. The company has a market cap of $55.32 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.04 and a beta of 1.72. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $903.60.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the previous year, the company earned $10.70 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. United Rentals's dividend payout ratio (DPR) is currently 18.52%.

Insider Activity

In related news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on URI. KeyCorp upped their price objective on United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. The Goldman Sachs Group upped their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. Morgan Stanley upped their price objective on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Evercore ISI reduced their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $830.71.

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.