Commonwealth Equity Services LLC Acquires 1,680 Shares of United Rentals, Inc. (NYSE:URI)

Commonwealth Equity Services LLC boosted its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,998 shares of the construction company's stock after purchasing an additional 1,680 shares during the quarter. Commonwealth Equity Services LLC owned about 0.08% of United Rentals worth $38,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in United Rentals in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management purchased a new stake in United Rentals in the fourth quarter worth about $33,000. Kestra Investment Management LLC purchased a new stake in United Rentals in the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management purchased a new stake in United Rentals in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

United Rentals stock traded up $18.36 during midday trading on Wednesday, reaching $627.42. 524,510 shares of the company traded hands, compared to its average volume of 718,460. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The business has a 50 day moving average of $698.93 and a two-hundred day moving average of $758.97. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month 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.

Remove Ads

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing analysts' consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.79 per share. This is a boost from United Rentals's previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, February 12th. United Rentals's dividend payout ratio is currently 18.48%.

Analyst Ratings Changes

Several brokerages have recently issued reports on URI. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $940.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Morgan Stanley dropped their target price on shares of United Rentals from $775.00 to $765.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Baird R W upgraded shares of United Rentals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Truist Financial reiterated a "buy" rating and issued a $956.00 target price (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Finally, Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 target price on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $829.00.

Insider Buying and Selling at United Rentals

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now directly owns 6,880 shares of the company's stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.

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.