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

RBA Wealth Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,842 shares of the construction company's stock, valued at approximately $4,288,000. United Rentals comprises 1.7% of RBA Wealth Management LLC's holdings, making the stock its 29th largest holding.

Several other hedge funds also recently modified their holdings of URI. Rialto Wealth Management LLC acquired a new position in United Rentals in the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC bought a new position in shares of United Rentals during the first quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals in the fourth quarter valued at about $36,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock traded up $1.44 during midday trading on Monday, reaching $754.06. 76,213 shares of the company's stock traded hands, compared to its average volume of 584,929. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The stock has a market cap of $49.01 billion, a P/E ratio of 19.52, a PEG ratio of 1.84 and a beta of 1.71. The stock's 50-day moving average is $688.57 and its 200 day moving average is $681.77. 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 (NYSE:URI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations 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 period last year, the business posted $9.15 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction 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 now owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was 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 trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on URI shares. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a report on Wednesday, April 16th. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and reduced their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lifted their price target on shares of United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Bank of America decreased their target price on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Cfra Research raised United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $766.23.

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.