National Wealth Management Group LLC Invests $765,000 in United Rentals, Inc. (NYSE:URI)

National Wealth Management Group LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 945 shares of the construction company’s stock, valued at approximately $765,000.

A number of other institutional investors also recently modified their holdings of URI. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the third quarter worth $31,000. RFP Financial Group LLC grew its holdings in United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in United Rentals by 80.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares in the last quarter. HM Payson & Co. bought a new stake in United Rentals during the third quarter worth $41,000. Finally, HHM Wealth Advisors LLC grew its holdings in United Rentals by 280.0% during the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total value of $740,916.00. Following the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Barclays upped their price objective on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. Citigroup upped their price objective on United Rentals from $930.00 to $955.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Argus upped their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $751.67.

United Rentals Stock Performance

Shares of URI opened at $856.98 on Thursday. The stock’s 50-day simple moving average is $823.89 and its 200 day simple moving average is $734.81. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. United Rentals, Inc. has a 52-week low of $454.71 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a return on equity of 34.73% and a net margin of 17.12%. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the company posted $11.73 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.76%. United Rentals’s payout ratio is currently 17.03%.

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.