United Rentals (NYSE:URI) Shares Acquired Rep. Greg Landsman

Representative Greg Landsman (D-Ohio) recently bought shares of United Rentals, Inc. NYSE: URI. In a filing disclosed on December 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in United Rentals stock on November 8th. The trade occurred in the Representative's "ROCKEFELLER CAPITAL MANAGEMENT (1)" account.

Representative Greg Landsman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 11/8/2024.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Exxon Mobil NYSE: XOM on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Phillips 66 NYSE: PSX on 10/15/2024.
• Sold $15,001 - $50,000 in shares of Diamondback Energy NASDAQ: FANG on 10/15/2024.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 10/15/2024.
• Sold $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 10/15/2024.

United Rentals Stock Performance

Shares of URI traded down $7.77 during trading hours on Friday, hitting $778.82. The stock had a trading volume of 384,315 shares, compared to its average volume of 485,719. The firm has a 50-day moving average price of $834.29 and a 200 day moving average price of $748.96. United Rentals, Inc. has a fifty-two week low of $533.70 and a fifty-two week high of $896.98. The firm has a market capitalization of $51.11 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.83 and a beta of 1.66. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82.

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United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 earnings per share 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 firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the company posted $11.73 EPS. The company's revenue was up 6.0% on a year-over-year basis. As a group, research analysts anticipate that United Rentals, Inc. will post 43.46 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.84%. United Rentals's payout ratio is 17.03%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. RFP Financial Group LLC increased its position 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 purchasing an additional 22 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its position in shares of United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company's stock valued at $36,000 after buying an additional 20 shares during the period. HHM Wealth Advisors LLC lifted its holdings in United Rentals by 280.0% in the second quarter. HHM Wealth Advisors LLC now owns 57 shares of the construction company's stock valued at $37,000 after acquiring an additional 42 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in United Rentals in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In other news, SVP Anthony S. Leopold sold 900 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the transaction, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

URI has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Barclays boosted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a report on Friday, October 25th. Robert W. Baird increased their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an "underperform" rating in a report on Thursday, October 3rd. Finally, Citigroup lifted their target price on shares of United Rentals from $955.00 to $985.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of "Hold" and an average target price of $770.00.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

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.