Baldwin Wealth Partners LLC MA Increases Stock Position in United Rentals, Inc. (NYSE:URI)

Baldwin Wealth Partners LLC MA raised its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,372 shares of the construction company's stock after acquiring an additional 763 shares during the quarter. United Rentals makes up approximately 1.6% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 17th largest position. Baldwin Wealth Partners LLC MA owned 0.06% of United Rentals worth $22,795,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Adell Harriman & Carpenter Inc. lifted its position in shares of United Rentals by 1.8% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company's stock valued at $573,000 after acquiring an additional 14 shares in the last quarter. Valmark Advisers Inc. lifted its position in United Rentals by 1.8% in the fourth quarter. Valmark Advisers Inc. now owns 788 shares of the construction company's stock worth $555,000 after buying an additional 14 shares during the last quarter. Erste Asset Management GmbH boosted its stake in shares of United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after purchasing an additional 14 shares during the period. Forum Financial Management LP boosted its position in shares of United Rentals by 1.9% during the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock valued at $528,000 after buying an additional 14 shares during the period. Finally, Klingman & Associates LLC boosted its holdings in United Rentals by 2.3% during the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company's stock valued at $471,000 after acquiring an additional 15 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrew B. Limoges sold 708 shares of United Rentals 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 transaction, the vice president now directly owns 1,921 shares in the company, valued at $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. Insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on URI shares. Truist Financial boosted 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. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" 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 boosted their target price for the company from $485.00 to $780.00 in a research report on Friday, May 16th. Finally, Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and decreased their price target for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $753.15.

United Rentals Price Performance

NYSE:URI traded up $0.71 during trading hours on Monday, hitting $707.36. 262,697 shares of the stock were exchanged, compared to its average volume of 595,197. The firm's fifty day moving average price is $650.15 and its 200 day moving average price is $695.46. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a market cap of $45.98 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.43 and a beta of 1.70. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the previous year, the business posted $9.15 EPS. The company's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is 18.54%.

About United Rentals

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.