Smithbridge Asset Management Inc. DE Buys Shares of 15,255 United Rentals, Inc. (NYSE:URI)

Smithbridge Asset Management Inc. DE acquired a new position in United Rentals, Inc. (NYSE:URI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,255 shares of the construction company's stock, valued at approximately $9,560,000. United Rentals comprises 1.8% of Smithbridge Asset Management Inc. DE's portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently made changes to their positions in URI. Rialto Wealth Management LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals during the 4th quarter valued at $27,000. Meeder Asset Management Inc. boosted its position in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the period. Kestra Investment Management LLC purchased a new position in shares of United Rentals in the fourth quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of United Rentals in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Transactions at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the company'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 value of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% 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.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday. Robert W. Baird upped their target price on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Truist Financial raised their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $753.64.

United Rentals Stock Down 1.0%

Shares of United Rentals stock traded down $6.76 during midday trading on Monday, hitting $688.08. The company had a trading volume of 624,072 shares, compared to its average volume of 589,911. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $44.72 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.43 and a beta of 1.70. The company has a 50 day moving average of $662.96 and a 200 day moving average of $690.24.

United Rentals (NYSE:URI - Get Free Report) last released its 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 return on equity of 34.21% and a net margin of 16.78%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm posted $9.15 earnings per share. The company's revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 1.04%. 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.