Brian Low Financial Group LLC Buys 703 Shares of United Rentals, Inc. $URI

Brian Low Financial Group LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 78.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,604 shares of the construction company’s stock after buying an additional 703 shares during the quarter. Brian Low Financial Group LLC’s holdings in United Rentals were worth $1,169,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of URI. Aventura Private Wealth LLC acquired a new position in United Rentals during the fourth quarter worth $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. acquired a new stake in shares of United Rentals in the 4th quarter valued at $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of United Rentals in the 3rd quarter valued at $35,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of United Rentals in the 4th quarter worth about $32,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. KeyCorp increased their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a research report on Friday, April 24th. Barclays upped their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,045.81.

United Rentals Stock Performance

Shares of NYSE:URI opened at $1,082.52 on Thursday. The business has a fifty day moving average of $972.21 and a 200-day moving average of $877.50. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,106.88. The firm has a market cap of $67.82 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.81.

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

United Rentals Announces Dividend

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

Insider Activity at United Rentals

In other news, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer directly owned 99,980 shares in the company, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% 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 valued at $25,628,877 over the last ninety days. Company insiders own 0.47% of the company’s stock.

About United Rentals

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.