Dynamic Advisor Solutions LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Dynamic Advisor Solutions LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 960 shares of the construction company's stock, valued at approximately $602,000.

Other large investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in United Rentals during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp acquired a new position in United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. grew its holdings in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after acquiring an additional 29 shares during the period. Kestra Investment Management LLC purchased a new position in United Rentals in the fourth quarter worth $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 hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on URI. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and upped their price target for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. Citigroup lowered their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. The Goldman Sachs Group lifted their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $753.64.

Insider Activity

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction 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 owns 8,748 shares of the company's stock, valued at $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company's stock.

United Rentals Price Performance

United Rentals stock traded up $3.40 during mid-day trading on Thursday, hitting $698.39. 373,033 shares of the company were exchanged, compared to its average volume of 586,405. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The company has a market capitalization of $45.39 billion, a P/E ratio of 18.08, a PEG ratio of 1.70 and a beta of 1.70. The business's 50 day simple moving average is $669.10 and its two-hundred day simple moving average is $689.11. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79.

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). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business earned $9.15 EPS. The firm's revenue was up 6.7% on a year-over-year basis. Analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.03%. United Rentals's dividend payout ratio (DPR) is presently 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.