Rehmann Capital Advisory Group Invests $262,000 in United Rentals, Inc. (NYSE:URI)

Rehmann Capital Advisory Group acquired a new position in United Rentals, Inc. (NYSE:URIFree Report) in the 1st quarter, Holdings Channel.com reports. The firm acquired 364 shares of the construction company’s stock, valued at approximately $262,000.

Several other large investors have also recently bought and sold shares of the business. Hoylecohen LLC raised its position in United Rentals by 1.4% in the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock worth $667,000 after acquiring an additional 16 shares in the last quarter. Ballentine Partners LLC grew its holdings in United Rentals by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after purchasing an additional 18 shares during the last quarter. DGS Capital Management LLC grew its holdings in United Rentals by 1.3% in the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after purchasing an additional 18 shares during the last quarter. Choreo LLC grew its holdings in United Rentals by 1.3% in the first quarter. Choreo LLC now owns 1,456 shares of the construction company’s stock valued at $1,050,000 after purchasing an additional 18 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in shares of United Rentals by 6.1% during the first quarter. Quent Capital LLC now owns 332 shares of the construction company’s stock valued at $240,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

United Rentals Stock Performance

Shares of NYSE URI traded up $16.37 during midday trading on Wednesday, reaching $643.78. 424,775 shares of the company traded hands, compared to its average volume of 569,044. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $732.37. The stock has a 50-day moving average price of $656.08 and a 200 day moving average price of $649.42. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.11 and a beta of 1.71.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the previous year, the business earned $7.95 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Analyst Ratings Changes

A number of analysts recently commented on URI shares. The Goldman Sachs Group increased their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James assumed coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price target on the stock. Truist Financial cut their price target on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus raised their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, United Rentals has an average rating of “Hold” and a consensus price target of $637.67.

View Our Latest Research Report on URI

About United Rentals

(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.

Further Reading

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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