Gryphon Financial Partners LLC Invests $281,000 in United Rentals, Inc. (NYSE:URI)

Gryphon Financial Partners LLC acquired a new position in shares of United Rentals, Inc. (NYSE:URIFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 490 shares of the construction company’s stock, valued at approximately $281,000.

Several other large investors have also modified their holdings of URI. AdvisorNet Financial Inc boosted its stake in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of United Rentals in the third quarter worth $29,000. Larson Financial Group LLC boosted its position in shares of United Rentals by 1,525.0% in the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after buying an additional 61 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of United Rentals in the third quarter worth $40,000. Finally, Arlington Trust Co LLC boosted its position in shares of United Rentals by 50.0% in the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock worth $48,000 after buying an additional 28 shares during the period. 96.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on URI. Truist Financial lifted their price objective on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. The Goldman Sachs Group lifted their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI lifted their price objective on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Stifel Nicolaus lifted their price objective on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $600.79.

Check Out Our Latest Report on United Rentals

United Rentals Trading Up 1.5 %

Shares of URI opened at $669.41 on Monday. United Rentals, Inc. has a 12-month low of $330.30 and a 12-month high of $732.37. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $44.58 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.18 and a beta of 1.82. The stock’s 50-day moving average price is $681.28 and its 200 day moving average price is $624.20.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company posted $7.95 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that United Rentals, Inc. will post 43.61 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.97%. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Activity

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

United Rentals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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