United Rentals, Inc. (NYSE:URI) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 40.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,470 shares of the construction company’s stock after buying an additional 427 shares during the period. RFG Advisory LLC’s holdings in United Rentals were worth $1,060,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Hoylecohen LLC lifted its stake in United Rentals by 1.4% in the fourth quarter. Hoylecohen LLC now owns 1,163 shares of the construction company’s stock valued at $667,000 after acquiring an additional 16 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of United Rentals by 2.1% in the 4th quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after purchasing an additional 18 shares during the last quarter. DGS Capital Management LLC boosted its holdings in United Rentals by 1.3% in the fourth quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock worth $827,000 after purchasing an additional 18 shares in the last quarter. Oak Ridge Investments LLC boosted its holdings in United Rentals by 0.3% in the fourth quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after purchasing an additional 20 shares in the last quarter. Finally, Caprock Group LLC increased its position in United Rentals by 2.3% during the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock worth $516,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 0.2 %

URI stock opened at $640.78 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a market capitalization of $42.67 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 2.07 and a beta of 1.75. The business has a fifty day moving average price of $661.08 and a 200 day moving average price of $640.01. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $732.37.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $7.95 earnings per share. Analysts expect that United Rentals, Inc. will post 43.87 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business 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. This represents a $6.52 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on URI shares. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. The Goldman Sachs Group upped their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus lifted their target price on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial upped their price target on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. began coverage on United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $612.73.

Insiders Place Their Bets

In other news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction 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 completion of 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 Securities & Exchange Commission, which can be accessed through this link. In related news, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

United Rentals 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.