United Rentals, Inc. (NYSE:URI) Holdings Lifted by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 70.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,921 shares of the construction company's stock after acquiring an additional 1,205 shares during the period. TD Private Client Wealth LLC's holdings in United Rentals were worth $1,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the fourth quarter worth about $27,000. Meeder Asset Management Inc. increased its stake in shares of United Rentals by 241.7% in the fourth 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 period. Fourth Dimension Wealth LLC bought a new position in United Rentals during the first quarter valued at about $26,000. OFI Invest Asset Management acquired a new position in shares of United Rentals in the 4th quarter worth approximately $36,000. Finally, Grove Bank & Trust bought a new position in United Rentals in the 1st quarter valued at $36,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Performance

Shares of United Rentals stock traded up $13.84 during trading on Wednesday, hitting $805.32. 378,716 shares of the company's stock were exchanged, compared to its average volume of 587,192. 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 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The business has a 50-day simple moving average of $712.29 and a 200-day simple moving average of $683.99. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.92 and a beta of 1.69.

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 the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm earned $9.15 earnings per share. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Analyst Ratings Changes

A number of analysts recently issued reports on URI shares. Robert W. Baird lifted their target price on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $485.00 to $780.00 in a research note on Friday, May 16th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a research note on Friday, June 13th. Finally, Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $766.23.

Insiders Place Their Bets

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president directly owned 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents 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 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 sale, the executive vice president directly owned 8,748 shares in the company, valued at $5,478,697.44. This 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 owned by corporate 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.