SOA Wealth Advisors LLC. Invests $4.69 Million in United Rentals, Inc. (NYSE:URI)

SOA Wealth Advisors LLC. bought a new stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 7,488 shares of the construction company's stock, valued at approximately $4,693,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors grew its holdings in United Rentals by 17.1% during the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Geode Capital Management LLC increased its holdings in United Rentals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock valued at $1,115,142,000 after buying an additional 20,401 shares during the last quarter. Alliancebernstein L.P. raised its stake in United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock valued at $880,778,000 after buying an additional 172,340 shares in the last quarter. Franklin Resources Inc. lifted its holdings in United Rentals by 9.8% during the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after buying an additional 97,336 shares during the last quarter. Finally, Capital International Investors grew its position in shares of United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after acquiring an additional 305,491 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on URI. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Citigroup decreased their target price on United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Sanford C. Bernstein raised United Rentals from an "underperform" rating to a "market perform" rating and lowered their target price for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Evercore ISI cut their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Finally, UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $485.00 to $780.00 in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $753.15.

United Rentals Price Performance

Shares of United Rentals stock traded up $0.71 on Monday, hitting $707.36. The company had a trading volume of 262,697 shares, compared to its average volume of 595,197. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The company has a market cap of $45.98 billion, a PE ratio of 18.25, a PEG ratio of 1.43 and a beta of 1.70. The business has a 50-day simple moving average of $650.15 and a 200-day simple moving average of $695.46. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.15 earnings per share. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. United Rentals's dividend payout ratio (DPR) is 18.54%.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction 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 sale, the executive vice president now directly owns 8,748 shares of the company's stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company's stock.

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.