Litman Gregory Wealth Management LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Litman Gregory Wealth Management LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,944 shares of the construction company's stock, valued at approximately $3,725,000.

A number of other hedge funds have also added to or reduced their stakes in URI. Forum Financial Management LP grew its holdings in shares of United Rentals by 1.9% during the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after purchasing an additional 14 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of United Rentals by 1.7% during the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after purchasing an additional 17 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of United Rentals by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock worth $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC grew its holdings in shares of United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after purchasing an additional 18 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in shares of United Rentals by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 1.0%

URI stock traded down $8.42 during midday trading on Friday, hitting $808.39. The company had a trading volume of 390,221 shares, compared to its average volume of 586,927. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The stock's 50 day moving average price is $734.18 and its 200 day moving average price is $688.54. The stock has a market cap of $52.55 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.95 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm posted $9.15 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 0.89%. United Rentals's payout ratio is currently 18.54%.

Insider Activity at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were 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 $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on URI. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their target price on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Truist Financial boosted their target price on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $768.54.

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.