Stiles Financial Services Inc Raises Holdings in United Rentals, Inc. $URI

Stiles Financial Services Inc grew its holdings in United Rentals, Inc. (NYSE:URI) by 43.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,569 shares of the construction company’s stock after purchasing an additional 782 shares during the period. Stiles Financial Services Inc’s holdings in United Rentals were worth $1,872,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of URI. Aventura Private Wealth LLC purchased a new position in United Rentals in the 4th quarter worth about $27,000. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals during the 4th quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of United Rentals in the third quarter worth approximately $35,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

URI has been the topic of several research reports. Citigroup raised their target price on shares of United Rentals from $1,130.00 to $1,210.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore reiterated an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Royal Bank Of Canada raised their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective for the company in a report on Monday, June 29th. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,124.69.

United Rentals Price Performance

NYSE URI opened at $1,088.62 on Friday. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The stock has a market cap of $68.20 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.71 and a beta of 1.79. The company’s 50 day moving average is $1,026.85 and its two-hundred day moving average is $900.63. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last posted its quarterly earnings results 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). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.86 earnings per share. As a group, research analysts anticipate that United Rentals, Inc. will post 46.76 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio is currently 20.10%.

Insiders Place Their Bets

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares in the company, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. 0.47% of the stock is currently owned by corporate insiders.

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.