NorthRock Partners LLC Grows Holdings in United Rentals, Inc. (NYSE:URI)

NorthRock Partners LLC grew its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 154.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,117 shares of the construction company's stock after acquiring an additional 678 shares during the period. NorthRock Partners LLC's holdings in United Rentals were worth $787,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in United Rentals during the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. boosted its holdings in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after buying an additional 29 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in United Rentals during the fourth quarter worth $33,000. Finally, Kestra Investment Management LLC purchased a new stake in United Rentals during the fourth quarter worth $34,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

Shares of NYSE:URI traded down $1.48 during midday trading on Monday, hitting $724.19. The company's stock had a trading volume of 381,473 shares, compared to its average volume of 601,268. The business's 50 day simple moving average is $626.76 and its 200 day simple moving average is $709.52. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $47.07 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month 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 earnings per share 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 analysts' expectations of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $9.15 earnings per share. On average, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Insider Transactions at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares of the company's stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,908 shares of company stock valued at $1,890,567. Corporate insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

URI has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target on the stock in a report on Wednesday, April 16th. Truist Financial upped their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of United Rentals from $1,000.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Bank of America reduced their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $485.00 to $780.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $744.31.

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.