Blue Trust Inc. Raises Stake in United Rentals, Inc. $URI

Blue Trust Inc. increased its holdings in shares of United Rentals, Inc. (NYSE:URI) by 139.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 802 shares of the construction company’s stock after purchasing an additional 467 shares during the quarter. Blue Trust Inc.’s holdings in United Rentals were worth $584,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Aventura Private Wealth LLC acquired a new position in United Rentals during the fourth quarter valued at approximately $27,000. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals in the fourth quarter worth $28,000. MV Capital Management Inc. acquired a new stake in shares of United Rentals in the fourth quarter worth $28,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of United Rentals in the 3rd quarter valued at $35,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on URI. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. KeyCorp raised their price objective on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup boosted their price objective on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Truist Financial set a $1,209.00 target price on United Rentals in a research report on Friday, April 24th. Finally, Robert W. Baird increased their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $1,070.50.

United Rentals Stock Down 1.4%

Shares of NYSE URI opened at $1,123.06 on Friday. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,143.69. The firm has a market cap of $70.36 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.77 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The stock’s 50-day simple moving average is $986.77 and its 200-day simple moving average is $881.63.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $8.86 EPS. As a group, equities analysts anticipate that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio is presently 20.10%.

Insiders Place Their Bets

In related news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer owned 99,980 shares in the company, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the sale, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

United Rentals Company 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.