5,738 Shares in United Rentals, Inc. (NYSE:URI) Bought by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS has acquired a new position in United Rentals, purchasing 5,738 shares valued at approximately $3.6 million.
• United Rentals reported quarterly earnings of $10.47 per share, which missed the consensus estimate by $0.07, despite seeing a 4.5% year-over-year revenue increase.
• The company announced a quarterly dividend of $1.79 per share, reflecting an annualized dividend yield of 0.82%.

Caliber Wealth Management LLC KS purchased a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,738 shares of the construction company's stock, valued at approximately $3,596,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals in the first quarter valued at approximately $26,000. TruNorth Capital Management LLC raised its stake in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after buying an additional 38 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in United Rentals in the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. raised its stake in United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated 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 sale, the vice president owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $688,908.00. Following the completion of the transaction, the executive vice president directly owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

United Rentals Stock Up 1.5%

URI traded up $13.16 on Friday, reaching $888.41. 872,750 shares of the company traded hands, compared to its average volume of 634,406. The stock's 50 day moving average price is $747.81 and its 200-day moving average price is $694.09. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.79. 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 $57.16 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.17 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $10.70 EPS. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 annualized dividend and a yield of 0.81%. United Rentals's dividend payout ratio (DPR) is currently 18.52%.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a report on Wednesday, April 16th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a report on Friday, June 13th. Finally, UBS Group boosted their price objective on shares of United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $812.64.

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.