Wealthspire Advisors LLC Boosts Stake in United Rentals, Inc. (NYSE:URI)

Wealthspire Advisors LLC lifted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 136.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,792 shares of the construction company's stock after acquiring an additional 1,035 shares during the quarter. Wealthspire Advisors LLC's holdings in United Rentals were worth $1,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals in the 1st quarter valued at about $26,000. TruNorth Capital Management LLC lifted its holdings in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in United Rentals by 69.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock worth $31,000 after purchasing an additional 20 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $36,000. Finally, NBC Securities Inc. purchased a new position in shares of United Rentals during the 1st quarter valued at approximately $40,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the business'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 transaction, the vice president 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

NYSE URI traded up $4.38 during trading hours on Friday, hitting $858.99. 273,017 shares of the company's stock traded hands, compared to its average volume of 666,507. The company has a market capitalization of $55.27 billion, a PE ratio of 22.21, a PEG ratio of 1.97 and a beta of 1.72. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.86 and a quick ratio of 0.80. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $903.60. The firm's 50-day moving average is $780.39 and its 200-day moving average is $703.98.

United Rentals (NYSE:URI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.70 earnings per share. Equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. United Rentals's payout ratio is currently 18.52%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays increased their price target on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. The Goldman Sachs Group raised their target price on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Robert W. Baird boosted their price objective on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Citigroup reissued a "buy" rating and issued a $810.00 price target (up previously from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $830.71.

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.