Harbor Investment Advisory LLC Buys 510 Shares of United Rentals, Inc. $URI

Harbor Investment Advisory LLC raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 22.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,749 shares of the construction company’s stock after purchasing an additional 510 shares during the quarter. Harbor Investment Advisory LLC’s holdings in United Rentals were worth $2,003,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in URI. Premier Path Wealth Partners LLC raised its holdings in United Rentals by 12.5% in the 1st quarter. Premier Path Wealth Partners LLC now owns 1,068 shares of the construction company’s stock worth $778,000 after purchasing an additional 119 shares in the last quarter. Capital Investment Counsel LLC bought a new stake in shares of United Rentals during the 1st quarter valued at about $364,000. Moss Adams Wealth Advisors LLC boosted its stake in shares of United Rentals by 2.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock valued at $441,000 after purchasing an additional 12 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co purchased a new position in shares of United Rentals during the first quarter valued at about $200,000. Finally, Continuum Advisory LLC purchased a new position in shares of United Rentals during the first quarter valued at about $1,659,000. 96.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research reports. Barclays lifted their price objective on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. KeyCorp increased their target price on United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Evercore restated an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Royal Bank Of Canada lifted their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Citigroup upped their price target on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Fifteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $1,096.75.

United Rentals Trading Up 1.0%

NYSE:URI opened at $1,133.64 on Wednesday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The company’s 50-day simple moving average is $1,000.42 and its 200 day simple moving average is $886.92. The firm has a market capitalization of $71.02 billion, a P/E ratio of 28.92, a PEG ratio of 1.79 and a beta of 1.81.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts forecast that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is 20.10%.

United Rentals Company Profile

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.