OneDigital Investment Advisors LLC grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 46.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,009 shares of the construction company's stock after acquiring an additional 322 shares during the quarter. OneDigital Investment Advisors LLC's holdings in United Rentals were worth $632,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in URI. Calamos Advisors LLC grew its stake in United Rentals by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 22,869 shares of the construction company's stock worth $14,332,000 after buying an additional 255 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in United Rentals by 6.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 595 shares of the construction company's stock worth $373,000 after buying an additional 34 shares during the last quarter. MBM Wealth Consultants LLC grew its stake in United Rentals by 1.7% during the 1st quarter. MBM Wealth Consultants LLC now owns 2,276 shares of the construction company's stock worth $1,426,000 after buying an additional 37 shares during the last quarter. Mutual Advisors LLC grew its stake in United Rentals by 63.0% during the 1st quarter. Mutual Advisors LLC now owns 507 shares of the construction company's stock worth $321,000 after buying an additional 196 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in United Rentals by 18.7% during the 1st quarter. Teacher Retirement System of Texas now owns 9,598 shares of the construction company's stock worth $6,015,000 after buying an additional 1,515 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a research note on Wednesday, April 16th. 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. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. 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 note on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on United Rentals from $920.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $768.54.
Read Our Latest Stock Analysis on URI
Insider Activity at United Rentals
In related news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president directly owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction 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 directly owned 8,748 shares of the company's stock, valued at approximately $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. 0.53% of the stock is owned by company insiders.
United Rentals Price Performance
Shares of URI traded down $5.47 during mid-day trading on Friday, hitting $814.27. The company's stock had a trading volume of 603,953 shares, compared to its average volume of 587,587. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The firm has a 50-day simple moving average of $722.31 and a 200 day simple moving average of $685.83. The firm has a market capitalization of $52.93 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.99 and a beta of 1.69. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.
United Rentals (NYSE:URI - Get Free Report) last posted its quarterly 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). The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $9.15 earnings per share. Analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.
United Rentals Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 0.88%. United Rentals's dividend payout ratio is currently 18.54%.
United Rentals Company Profile
(
Free Report)
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.
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