ORG Wealth Partners LLC Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

ORG Wealth Partners LLC increased its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 5,289.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,994 shares of the construction company's stock after buying an additional 1,957 shares during the period. ORG Wealth Partners LLC's holdings in United Rentals were worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in United Rentals in the fourth quarter worth $695,716,000. GAMMA Investing LLC grew its holdings in United Rentals by 77,674.5% in the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after purchasing an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC purchased a new position in United Rentals in the fourth quarter worth $330,989,000. Capital World Investors grew its holdings in United Rentals by 17.1% in the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock worth $1,564,722,000 after purchasing an additional 323,636 shares during the last quarter. Finally, Capital International Investors grew its holdings in United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after purchasing an additional 305,491 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on URI shares. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. Truist Financial lifted their price target on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Evercore ISI cut their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Citigroup dropped their price objective on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Cfra Research raised shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $753.64.

Insider Activity

In other news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now directly owns 1,921 shares in the company, 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 available at the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. This 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.

United Rentals Stock Performance

NYSE:URI traded up $6.61 during mid-day trading on Friday, hitting $705.28. The company's stock had a trading volume of 714,662 shares, compared to its average volume of 586,801. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The stock has a market cap of $45.84 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.71 and a beta of 1.70. The business's fifty day moving average is $673.94 and its two-hundred day moving average is $686.88.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS 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 business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the company posted $9.15 earnings per share. United Rentals's revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio (DPR) is presently 18.54%.

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.