One Wealth Advisors LLC Invests $1.46 Million in United Rentals, Inc. $URI

Key Points

• One Wealth Advisors acquired 1,292 United Rentals shares worth approximately $1.46 million during the second quarter. Institutional investors collectively own 96.26% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,246.19; recent targets range from $1,101 to $1,335.
• United Rentals exceeded quarterly expectations, reporting $12.76 in EPS and $4.41 billion in revenue, up 11.8% year over year. The company also declared a quarterly dividend of $1.97 per share, equivalent to a 0.7% yield.

One Wealth Advisors LLC acquired a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,292 shares of the construction company's stock, valued at approximately $1,464,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in United Rentals in the 4th quarter worth approximately $978,017,000. Corient Private Wealth LLC grew its position in shares of United Rentals by 1,667.4% during the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company's stock valued at $278,378,000 after purchasing an additional 324,503 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of United Rentals during the 4th quarter valued at $102,945,000. Victory Capital Management Inc. increased its holdings in shares of United Rentals by 103.7% in the fourth quarter. Victory Capital Management Inc. now owns 231,018 shares of the construction company's stock worth $186,967,000 after purchasing an additional 117,584 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of United Rentals by 14.7% in the first quarter. Bank of America Corp DE now owns 806,380 shares of the construction company's stock worth $587,496,000 after purchasing an additional 103,371 shares during the period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen raised United Rentals from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Evercore restated an "outperform" rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Raymond James Financial reaffirmed an "outperform" rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Argus reiterated a "buy" rating and set a $1,250.00 price target on shares of United Rentals in a research report on Tuesday, August 4th. Finally, Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the stock 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,246.19.

Insider Buying and Selling at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the transaction, the executive vice president directly owned 6,062 shares of the company's stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.47% of the company's stock.

United Rentals Stock Up 3.1%

Shares of NYSE:URI opened at $1,155.25 on Friday. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,179.18. The firm has a fifty day moving average of $1,095.03 and a 200 day moving average of $940.41. The firm has a market capitalization of $71.90 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.80. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts' consensus estimates of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The business had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the prior year, the firm earned $10.47 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that United Rentals, Inc. will post 48.55 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 26th. Stockholders 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 dividend payout ratio is 18.92%.

About United Rentals

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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