Alchemi Wealth LLC Makes New Investment in United Rentals, Inc. $URI

Alchemi Wealth LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 877 shares of the construction company’s stock, valued at approximately $710,000.

A number of other hedge funds have also modified their holdings of URI. Norges Bank bought a new position in United Rentals in the 4th quarter worth approximately $978,017,000. Capital International Investors raised its holdings in United Rentals by 22.8% during the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after buying an additional 631,484 shares during the period. TD Asset Management Inc raised its holdings in United Rentals by 66.5% during the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after buying an additional 193,416 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in United Rentals by 3,459.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock valued at $159,184,000 after buying an additional 191,162 shares during the period. Finally, Capital World Investors raised its holdings in United Rentals by 6.7% during the 3rd quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after buying an additional 168,685 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Up 0.7%

United Rentals stock opened at $1,076.03 on Friday. United Rentals, Inc. has a twelve month low of $682.08 and a twelve month high of $1,106.88. The stock has a 50 day moving average of $920.44 and a two-hundred day moving average of $862.24. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $67.41 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.69 and a beta of 1.81.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company posted $8.86 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts expect that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

Wall Street Analysts Forecast Growth

URI has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. UBS Group raised their price target on United Rentals from $1,025.00 to $1,145.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Evercore restated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Finally, KeyCorp lifted their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,045.81.

Insider Transactions at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 over the last ninety days. 0.47% of the stock is owned by insiders.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.