337 Shares in United Rentals, Inc. (NYSE:URI) Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 337 shares of the construction company's stock, valued at approximately $211,000.

Several other hedge funds have also added to or reduced their stakes in URI. Proficio Capital Partners LLC acquired a new position in shares of United Rentals during the 4th quarter valued at $244,000. Summit X LLC lifted its position in shares of United Rentals by 19.0% during the 4th quarter. Summit X LLC now owns 414 shares of the construction company's stock valued at $292,000 after acquiring an additional 66 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of United Rentals by 15.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,559 shares of the construction company's stock valued at $1,098,000 after acquiring an additional 213 shares during the period. Great Lakes Advisors LLC lifted its position in shares of United Rentals by 10.2% during the 4th quarter. Great Lakes Advisors LLC now owns 312 shares of the construction company's stock valued at $220,000 after acquiring an additional 29 shares during the period. Finally, Erste Asset Management GmbH lifted its position in shares of United Rentals by 0.5% during the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock valued at $2,002,000 after acquiring an additional 14 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on URI. The Goldman Sachs Group boosted their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Truist Financial boosted their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, Redburn Atlantic lowered shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a research note 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $768.54.

United Rentals Stock Performance

NYSE URI traded down $5.47 during trading hours on Friday, hitting $814.27. The company's stock had a trading volume of 603,953 shares, compared to its average volume of 587,587. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The company's 50 day simple moving average is $722.31 and its two-hundred day simple moving average is $685.83. The company has a market cap of $52.93 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 earnings per share. As a group, sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.88%. United Rentals's dividend payout ratio is presently 18.54%.

Insider Buying and Selling

In related 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 value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 approximately $5,478,697.44. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

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.