Cetera Advisor Networks LLC Has $6.37 Million Position in United Rentals, Inc. (NYSE:URI)

Cetera Advisor Networks LLC grew its position in shares of United Rentals, Inc. (NYSE:URIFree Report) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,114 shares of the construction company’s stock after buying an additional 1,363 shares during the period. Cetera Advisor Networks LLC’s holdings in United Rentals were worth $6,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jump Financial LLC bought a new stake in United Rentals in the 3rd quarter valued at about $201,000. Atria Wealth Solutions Inc. boosted its stake in shares of United Rentals by 0.8% in the third quarter. Atria Wealth Solutions Inc. now owns 3,015 shares of the construction company’s stock valued at $1,340,000 after buying an additional 23 shares during the period. Janney Montgomery Scott LLC grew its position in United Rentals by 6.4% during the third quarter. Janney Montgomery Scott LLC now owns 21,568 shares of the construction company’s stock worth $9,588,000 after buying an additional 1,304 shares in the last quarter. Pathstone Family Office LLC increased its stake in United Rentals by 139.2% during the 3rd quarter. Pathstone Family Office LLC now owns 4,925 shares of the construction company’s stock worth $2,189,000 after acquiring an additional 2,866 shares during the period. Finally, HighTower Advisors LLC raised its holdings in United Rentals by 156.3% in the 3rd quarter. HighTower Advisors LLC now owns 68,721 shares of the construction company’s stock valued at $30,420,000 after acquiring an additional 41,909 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. In other news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated 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 owns 103,400 shares of the company’s stock, valued at $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus raised their price target on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a report on Friday. They issued an “overweight” rating and a $780.00 target price on the stock. Truist Financial upped their price target on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Evercore ISI lifted their price objective on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group upped their target price on United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $612.73.

Check Out Our Latest Report on United Rentals

United Rentals Price Performance

Shares of URI opened at $643.40 on Friday. 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 stock has a market cap of $42.84 billion, a PE ratio of 17.43, a PEG ratio of 2.09 and a beta of 1.75. United Rentals, Inc. has a 12-month low of $382.24 and a 12-month high of $732.37. The business has a 50-day simple moving average of $673.51 and a two-hundred day simple moving average of $627.72.

United Rentals (NYSE:URIGet Free Report) last released its quarterly earnings data 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm posted $7.95 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. Analysts anticipate that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.01%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

About United Rentals

(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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