Brookwood Investment Group LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,732 shares of the construction company's stock, valued at approximately $2,966,000. United Rentals makes up 0.5% of Brookwood Investment Group LLC's holdings, making the stock its 29th largest position.
Several other large investors have also recently modified their holdings of URI. Fourth Dimension Wealth LLC bought a new stake in shares of United Rentals in the first quarter valued at about $26,000. TruNorth Capital Management LLC lifted its stake in shares of United Rentals by 1,266.7% in the 1st 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 during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the 4th quarter worth about $27,000. Meeder Asset Management Inc. increased its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.
Wall Street Analysts Forecast Growth
URI has been the subject of several recent research reports. Citigroup reissued a "buy" rating and set a $810.00 price target (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Truist Financial boosted their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Barclays upped their target price on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a report on Monday. Evercore ISI decreased their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $784.31.
Get Our Latest Stock Analysis on URI
Insider Transactions at United Rentals
In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction 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 sale, the vice president directly owned 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction on 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 owned 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.
United Rentals Stock Up 7.9%
Shares of NYSE URI traded up $63.26 during mid-day trading on Thursday, reaching $866.51. 460,559 shares of the company's stock traded hands, compared to its average volume of 656,902. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The business has a 50-day simple moving average of $739.56 and a 200 day simple moving average of $690.44. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The stock has a market cap of $56.32 billion, a P/E ratio of 22.46, a PEG ratio of 1.93 and a beta of 1.69.
United Rentals (NYSE:URI - Get Free Report) last announced 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). The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.70 earnings per share. On average, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.
United Rentals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.83%. United Rentals's payout ratio is currently 18.54%.
United Rentals Company Profile
(
Free Report)
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.
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