Graybill Wealth Management LTD. Purchases New Holdings in United Rentals, Inc. (NYSE:URI)

Graybill Wealth Management LTD. bought a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,203 shares of the construction company's stock, valued at approximately $4,514,000. United Rentals accounts for about 1.5% of Graybill Wealth Management LTD.'s investment portfolio, making the stock its 29th biggest position.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in United Rentals during the 4th quarter worth approximately $695,716,000. GAMMA Investing LLC increased its position in United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after buying an additional 886,266 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of United Rentals in the fourth quarter valued at $330,989,000. Capital World Investors grew its position in shares of United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares during the period. Finally, Capital International Investors grew its position in United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after acquiring an additional 305,491 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Up 2.1%

Shares of NYSE:URI traded up $16.77 during midday trading on Thursday, hitting $815.24. 246,622 shares of the stock were exchanged, compared to its average volume of 586,473. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The business's fifty day simple moving average is $731.23 and its two-hundred day simple moving average is $687.76. The company has a market capitalization of $52.99 billion, a PE ratio of 21.08, a P/E/G ratio of 1.95 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $3.61 billion. During the same quarter last year, the business earned $9.15 earnings per share. United Rentals's quarterly revenue was up 6.7% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $1.79 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.88%. United Rentals's payout ratio is presently 18.54%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on URI shares. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research report on Friday, June 13th. Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Bank of America cut their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a research report on Wednesday, April 16th. Finally, UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the company from $485.00 to $780.00 in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $768.54.

Insiders Place Their Bets

In other news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president directly owned 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was 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 owned 1,921 shares in the company, valued at $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.

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.