United Rentals, Inc. (NYSE:URI) Shares Acquired by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in United Rentals, Inc. by 123.3%, acquiring an additional 3,548 shares, bringing its total holdings to 6,425 shares worth approximately $4,027,000.
• United Rentals reported earnings per share (EPS) of $10.47 for the last quarter, falling short of the analyst consensus estimate of $10.54, although it achieved a revenue of $3.94 billion, exceeding expectations.
• The company announced a quarterly dividend of $1.79 per share, which will be paid on August 27th, representing an annualized dividend yield of 0.81% and a payout ratio of 18.52%.

HB Wealth Management LLC raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 123.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,425 shares of the construction company's stock after purchasing an additional 3,548 shares during the quarter. HB Wealth Management LLC's holdings in United Rentals were worth $4,027,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Fourth Dimension Wealth LLC purchased a new stake in United Rentals during the first quarter worth about $26,000. TruNorth Capital Management LLC raised its position in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in United Rentals by 69.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares during the last quarter. Finally, Grove Bank & Trust acquired a new position in United Rentals during the first quarter worth approximately $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock traded up $4.39 during trading hours on Thursday, reaching $884.81. The company's stock had a trading volume of 157,478 shares, compared to its average volume of 664,165. The company's 50 day simple moving average is $758.38 and its 200 day simple moving average is $698.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86. United Rentals, Inc. has a one year low of $525.91 and a one year high of $903.60. The stock has a market cap of $56.93 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the business posted $10.70 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.81%. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

Insider Buying and Selling at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the 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 sale, the vice president owned 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research report on Friday, June 13th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Truist Financial upped their target price on shares of United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Morgan Stanley upped their target price on shares of United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Citigroup restated a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $830.71.

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.