Focus Partners Wealth Grows Holdings in United Rentals, Inc. (NYSE:URI)

Focus Partners Wealth grew its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,207 shares of the construction company's stock after purchasing an additional 1,126 shares during the quarter. Focus Partners Wealth owned about 0.07% of United Rentals worth $31,214,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in United Rentals during the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. grew its position in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $33,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

Shares of NYSE URI traded down $9.77 during mid-day trading on Wednesday, reaching $712.18. 444,631 shares of the company's stock were exchanged, compared to its average volume of 600,805. The firm has a market capitalization of $46.29 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. 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 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a 50-day moving average price of $620.30 and a two-hundred day moving average price of $712.30.

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). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.15 earnings per share. Analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on URI shares. UBS Group downgraded shares of United Rentals from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $910.00 to $485.00 in a research report on Monday, April 7th. Truist Financial lifted their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Baird R W raised shares of United Rentals from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Citigroup reduced their price target on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $725.69.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the business's 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 sale, the vice president now directly owns 1,921 shares in the company, 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 is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated 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 now directly owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,908 shares of company stock worth $1,890,567. Company insiders own 0.53% of the company's stock.

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.