One Wealth Advisors LLC Takes Position in United Rentals, Inc. (NYSE:URI)

One Wealth Advisors LLC bought a new position in United Rentals, Inc. (NYSE:URI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,100 shares of the construction company's stock, valued at approximately $689,000.

Several other large investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in United Rentals in the fourth quarter worth approximately $244,000. Sei Investments Co. increased its position in shares of United Rentals by 16.2% in the 4th quarter. Sei Investments Co. now owns 21,629 shares of the construction company's stock valued at $15,236,000 after acquiring an additional 3,021 shares during the period. LPL Financial LLC grew its position in United Rentals by 8.9% during the 4th quarter. LPL Financial LLC now owns 136,087 shares of the construction company's stock worth $95,865,000 after purchasing an additional 11,141 shares during the period. TD Asset Management Inc. grew its position in United Rentals by 207.8% during the 4th quarter. TD Asset Management Inc. now owns 234,366 shares of the construction company's stock worth $165,097,000 after purchasing an additional 158,214 shares during the period. Finally, TIAA Trust National Association grew its position in United Rentals by 596.3% during the 4th quarter. TIAA Trust National Association now owns 12,367 shares of the construction company's stock worth $8,712,000 after purchasing an additional 10,591 shares during the period. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were 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 of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president directly owned 8,748 shares of the company's stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

United Rentals Trading Up 1.5%

NYSE URI traded up $13.16 during mid-day trading on Friday, reaching $888.41. 872,750 shares of the stock were exchanged, compared to its average volume of 634,406. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The business's fifty day simple moving average is $747.81 and its 200 day simple moving average is $693.93. The stock has a market capitalization of $57.75 billion, a PE ratio of 22.97, a PEG ratio of 2.14 and a beta of 1.69. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.79 and a current ratio of 0.86.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The company had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the prior year, the firm earned $10.70 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America raised their target price on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday. UBS Group boosted their target price on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. Finally, Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued 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 $812.64.

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.