Wealth Enhancement Advisory Services LLC Buys 839 Shares of United Rentals, Inc. (NYSE:URI)

Wealth Enhancement Advisory Services LLC boosted its position in United Rentals, Inc. (NYSE:URI - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,371 shares of the construction company's stock after acquiring an additional 839 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in United Rentals were worth $4,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its holdings in United Rentals by 6.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 14,855 shares of the construction company's stock valued at $10,464,000 after buying an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock worth $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of United Rentals during the fourth quarter worth about $649,000. Penobscot Investment Management Company Inc. grew its holdings in shares of United Rentals by 35.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock worth $2,898,000 after purchasing an additional 1,068 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of United Rentals by 8.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,813 shares of the construction company's stock worth $5,504,000 after purchasing an additional 596 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Activity at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the 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 transaction, the vice president now owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

United Rentals Trading Up 1.1%

Shares of United Rentals stock traded up $7.84 during midday trading on Friday, reaching $707.02. 302,166 shares of the company's stock traded hands, compared to its average volume of 596,532. The company has a market cap of $45.96 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.71. The stock has a 50 day moving average of $650.15 and a 200-day moving average of $697.32. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month 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.

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 analysts' consensus estimates 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 analysts' expectations of $3.61 billion. During the same period in the prior year, the company posted $9.15 earnings per share. The company's revenue was up 6.7% on a year-over-year basis. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $1.79 per share. The ex-dividend date 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 presently 18.54%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Robert W. Baird boosted their price objective on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Truist Financial boosted their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, United Rentals presently has a consensus rating of "Moderate Buy" and a consensus target price of $753.15.

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.