Morningstar Investment Services LLC Invests $204,000 in United Rentals, Inc. (NYSE:URI)

Morningstar Investment Services LLC acquired a new stake in United Rentals, Inc. (NYSE:URIFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 352 shares of the construction company’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently made changes to their positions in URI. Jump Financial LLC purchased a new stake in United Rentals during the 3rd quarter worth about $201,000. Atria Wealth Solutions Inc. raised its holdings in 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 acquiring an additional 23 shares in the last quarter. Pathstone Family Office LLC lifted its stake in United Rentals by 139.2% in the third 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 last quarter. HighTower Advisors LLC grew its holdings in United Rentals by 156.3% during the 3rd quarter. HighTower Advisors LLC now owns 68,721 shares of the construction company’s stock worth $30,420,000 after acquiring an additional 41,909 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of United Rentals by 15.0% in the 3rd quarter. Huntington National Bank now owns 246 shares of the construction company’s stock valued at $109,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI increased their price objective on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Stifel Nicolaus boosted their target price on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Finally, Truist Financial boosted their price objective on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $612.73.

Read Our Latest Stock Analysis on United Rentals

United Rentals Stock Up 2.0 %

United Rentals stock opened at $643.40 on Monday. The stock has a market capitalization of $42.84 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.09 and a beta of 1.75. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average of $673.51 and a two-hundred day moving average of $630.02. United Rentals, Inc. has a twelve month low of $382.24 and a twelve month high of $732.37.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

United Rentals Company 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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