Focus Partners Advisor Solutions LLC Makes New Investment in United Rentals, Inc. $URI

Key Points

• Focus Partners Advisor Solutions initiated a United Rentals position worth approximately $1.24 million, while institutional investors collectively own 96.26% of the company.
• Analysts remain broadly bullish, with one Strong Buy, 16 Buy, and one Sell rating; the consensus rating is Moderate Buy with a $1,246.19 price target.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, while revenue grew 11.8% year over year. The company also declared a $1.97 quarterly dividend, yielding 0.7% annually.

Focus Partners Advisor Solutions LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,094 shares of the construction company's stock, valued at approximately $1,240,000.

A number of other large investors have also bought and sold shares of the stock. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the fourth quarter worth approximately $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals in the fourth quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter worth $32,000. Hilton Head Capital Partners LLC bought a new stake in United Rentals during the 4th quarter valued at $34,000. Finally, Frazier Financial Advisors LLC raised its holdings in United Rentals by 33.3% during the 1st quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company's stock valued at $41,000 after buying an additional 14 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on URI. Truist Financial raised their price target on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a "buy" rating in a report on Friday, July 24th. KeyCorp reaffirmed an "overweight" rating and set a $1,350.00 price objective on shares of United Rentals in a research note on Friday, July 24th. Citigroup increased their target price on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Robert W. Baird set a $1,300.00 target price on United Rentals in a research note on Friday, July 24th. Finally, Wells Fargo & Company boosted their price target on United Rentals from $1,245.00 to $1,355.00 and gave the company an "overweight" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,246.19.

Insider Activity

In related news, EVP William E. Grace sold 1,500 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president directly owned 6,062 shares of the company's stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by corporate insiders.

United Rentals Stock Performance

Shares of URI stock opened at $1,155.25 on Monday. The firm has a market capitalization of $71.90 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.49 and a beta of 1.80. The stock has a fifty day moving average of $1,095.03 and a 200 day moving average of $940.62. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm earned $10.47 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a dividend of $1.97 per share. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals's payout ratio is currently 18.92%.

United Rentals Profile

United Rentals, Inc NYSE: URI is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company's product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.

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