United Rentals, Inc. (NYSE:URI) Holdings Raised by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA increased its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,372 shares of the construction company's stock after purchasing an additional 763 shares during the quarter. United Rentals accounts for approximately 1.6% of Baldwin Wealth Partners LLC MA's holdings, making the stock its 17th biggest position. Baldwin Wealth Partners LLC MA owned approximately 0.06% of United Rentals worth $22,795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of URI. Rialto Wealth Management LLC acquired a new stake in United Rentals in the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals in the fourth quarter valued at $27,000. Meeder Asset Management Inc. lifted its holdings in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the period. Kestra Investment Management LLC acquired a new stake in United Rentals in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new stake in United Rentals in the fourth quarter valued at $36,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the business'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 transaction of $688,908.00. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on URI. JPMorgan Chase & Co. lifted their price target on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. Evercore ISI cut their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Citigroup cut their price target on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $753.15.

United Rentals Price Performance

United Rentals stock traded down $3.62 during midday trading on Thursday, reaching $716.33. 376,572 shares of the company were exchanged, compared to its average volume of 593,072. The company has a market capitalization of $46.56 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.43 and a beta of 1.70. The firm's 50-day simple moving average is $656.94 and its 200-day simple moving average is $694.79. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS 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 analysts' expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.15 EPS. On average, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 1.00%. The ex-dividend date was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is 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.