HB Wealth Management LLC Buys 1,790 Shares of United Rentals, Inc. $URI

HB Wealth Management LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 37.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,608 shares of the construction company’s stock after purchasing an additional 1,790 shares during the period. HB Wealth Management LLC’s holdings in United Rentals were worth $6,308,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Optas LLC increased its holdings in United Rentals by 0.9% in the 3rd quarter. Optas LLC now owns 1,174 shares of the construction company’s stock worth $1,121,000 after acquiring an additional 10 shares during the last quarter. CreativeOne Wealth LLC boosted its position in United Rentals by 0.5% during the second quarter. CreativeOne Wealth LLC now owns 2,283 shares of the construction company’s stock worth $1,720,000 after purchasing an additional 11 shares during the period. OFI Invest Asset Management increased its stake in shares of United Rentals by 6.7% in the third quarter. OFI Invest Asset Management now owns 175 shares of the construction company’s stock worth $167,000 after purchasing an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after purchasing an additional 11 shares during the period. Finally, Bank of Jackson Hole Trust lifted its stake in shares of United Rentals by 12.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 112 shares of the construction company’s stock valued at $84,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on URI. Wells Fargo & Company assumed coverage on shares of United Rentals in a research note on Thursday, November 13th. They issued an “overweight” rating and a $995.00 price objective for the company. Baird R W upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. KeyCorp reiterated an “overweight” rating on shares of United Rentals in a research note on Wednesday, December 3rd. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 target price for the company in a research note on Sunday. Finally, Citigroup reduced their target price on United Rentals from $1,140.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $954.83.

United Rentals Trading Up 4.4%

Shares of United Rentals stock opened at $919.65 on Friday. The company has a 50 day simple moving average of $825.80 and a two-hundred day simple moving average of $872.55. The firm has a market cap of $58.52 billion, a PE ratio of 23.65, a PEG ratio of 1.83 and a beta of 1.69. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.84.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $11.70 earnings per share for the quarter, missing analysts’ consensus estimates of $12.43 by ($0.73). The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.16 billion. United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.80 EPS. Analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, November 12th. United Rentals’s dividend payout ratio is presently 18.42%.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.