Dynamic Advisor Solutions LLC Buys New Position in United Rentals, Inc. (NYSE:URI)

Dynamic Advisor Solutions LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 960 shares of the construction company’s stock, valued at approximately $602,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in United Rentals during the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter worth about $27,000. Meeder Asset Management Inc. raised its position in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of United Rentals in the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals in the 4th quarter valued at about $36,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Redburn Atlantic cut United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. Evercore ISI reduced their price objective on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. Sanford C. Bernstein upgraded shares of United Rentals from an “underperform” rating to a “market perform” rating and dropped their target price for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. Bank of America cut their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Robert W. Baird lifted their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $753.64.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 708 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

Shares of URI opened at $698.39 on Thursday. The firm has a market capitalization of $45.39 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.70 and a beta of 1.70. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The stock has a 50 day moving average price of $669.10 and a two-hundred day moving average price of $689.11. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $9.15 EPS. Equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.03%. The ex-dividend date was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

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.