United Rentals, Inc. (NYSE:URI) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its position in United Rentals, Inc. (NYSE:URI) by 108.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 337 shares of the construction company’s stock after buying an additional 175 shares during the period. Blue Trust Inc.’s holdings in United Rentals were worth $218,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. First Financial Corp IN purchased a new stake in United Rentals in the first quarter valued at $25,000. Crewe Advisors LLC acquired a new position in United Rentals in the first quarter valued at about $27,000. Rise Advisors LLC purchased a new position in United Rentals during the first quarter worth about $28,000. Riverview Trust Co acquired a new stake in shares of United Rentals during the first quarter valued at about $31,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of United Rentals in the 4th quarter valued at approximately $34,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URI. Stifel Nicolaus lifted their target price on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. The Goldman Sachs Group boosted their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Truist Financial raised their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $670.92.

Insider Buying and Selling at United Rentals

In other 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 transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Trading Down 0.9 %

NYSE:URI opened at $714.47 on Monday. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $789.80. The stock has a market cap of $47.58 billion, a P/E ratio of 19.35, a P/E/G ratio of 2.09 and a beta of 1.71. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a 50-day simple moving average of $677.57 and a 200-day simple moving average of $675.55.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $9.88 earnings per share. As a group, analysts anticipate that United Rentals, Inc. will post 44.37 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a $1.63 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a yield of 0.91%. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

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.