Redhawk Wealth Advisors Inc. Makes New $2.17 Million Investment in United Rentals, Inc. $URI

Key Points

• Redhawk Wealth Advisors initiated a $2.17 million position in United Rentals during the second quarter by purchasing 1,917 shares. Institutional investors collectively own 96.26% of URI.
• Analyst sentiment is broadly positive: United Rentals has a consensus “Moderate Buy” rating and an average price target of $1,246.19, with several firms recently raising targets or upgrading the stock.
• 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, representing a 0.7% yield.

Redhawk Wealth Advisors Inc. purchased a new stake in United Rentals, Inc. (NYSE:URI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,917 shares of the construction company's stock, valued at approximately $2,171,000.

Several other large investors have also recently modified their holdings of URI. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company's stock worth $9,514,000 after purchasing an additional 1,846 shares during the period. Eventide Asset Management LLC increased its position in shares of United Rentals by 19.6% during the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company's stock worth $77,666,000 after buying an additional 15,696 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of United Rentals by 52.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company's stock worth $2,623,000 after buying an additional 1,109 shares during the period. Whittier Trust Co. raised its stake in United Rentals by 2.6% during the fourth quarter. Whittier Trust Co. now owns 61,408 shares of the construction company's stock worth $54,782,000 after buying an additional 1,529 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in United Rentals by 995.1% in the fourth quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company's stock valued at $11,016,000 after buying an additional 12,369 shares during the period. Institutional investors own 96.26% of the company's stock.

Wall Street Analyst Weigh In

URI has been the topic of a number of research analyst reports. Wall Street Zen raised shares of United Rentals from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. lifted their price objective on United Rentals from $1,100.00 to $1,235.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. Argus reissued a "buy" rating and issued a $1,250.00 price objective on shares of United Rentals in a research note on Tuesday, August 4th. Zacks Research upgraded United Rentals from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada raised their target price on United Rentals from $1,041.00 to $1,119.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,246.19.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the company's stock in a transaction that occurred on 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 $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $1,136.27 on Tuesday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,179.18. The company has a market cap of $70.72 billion, a PE ratio of 27.29, a P/E/G ratio of 1.50 and a beta of 1.80. The stock has a 50-day moving average of $1,088.09 and a 200-day moving average of $934.79. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping analysts' consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $10.47 EPS. On average, equities research analysts predict 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 issued 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 payout ratio is currently 18.92%.

United Rentals Company Profile

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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