Souders Financial Advisors Invests $2.78 Million in United Rentals, Inc. (NYSE:URI)

Souders Financial Advisors purchased a new position in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,295 shares of the construction company’s stock, valued at approximately $2,778,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. First Financial Corp IN purchased a new stake in shares of United Rentals during the first quarter valued at about $25,000. Crewe Advisors LLC purchased a new position in shares of United Rentals in the 1st quarter valued at approximately $27,000. RFP Financial Group LLC raised its position in shares of United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares during the last quarter. Rise Advisors LLC acquired a new position in United Rentals in the 1st quarter worth approximately $28,000. Finally, Riverview Trust Co acquired a new position in United Rentals in the 1st quarter worth approximately $31,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is owned by company insiders.

United Rentals Stock Performance

Shares of URI opened at $809.73 on Tuesday. The firm has a 50-day moving average price of $731.69 and a 200 day moving average price of $692.88. The firm has a market capitalization of $53.56 billion, a PE ratio of 21.93, a P/E/G ratio of 1.89 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $826.24.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $9.88 earnings per share. On average, sell-side analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $1.63 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.81%. United Rentals’s payout ratio is 17.66%.

Analyst Ratings Changes

A number of brokerages have recently commented on URI. Evercore ISI raised their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Citigroup began coverage on shares of United Rentals in a research note on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. The Goldman Sachs Group increased their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Truist Financial increased their target price on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $687.46.

United Rentals Company Profile

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.