Foster & Motley Inc. Makes New Investment in United Rentals, Inc. $URI

Foster & Motley Inc. purchased a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,716 shares of the construction company’s stock, valued at approximately $12,140,000.

Other hedge funds also recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in United Rentals during the 4th quarter valued at approximately $28,000. MV Capital Management Inc. bought a new stake in shares of United Rentals in the 4th quarter valued at $28,000. MidFirst Bank bought a new stake in shares of United Rentals in the 2nd quarter valued at $31,000. Laurel Wealth Advisors LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $32,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of United Rentals during the fourth quarter worth $34,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of URI opened at $1,117.24 on Wednesday. The business’s fifty day moving average is $1,097.10 and its 200 day moving average is $943.95. United Rentals, Inc. has a 12-month low of $701.59 and a 12-month high of $1,179.18. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. The stock has a market cap of $69.54 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.49 and a beta of 1.80.

United Rentals (NYSE:URI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, topping the consensus estimate of $11.53 by $1.23. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.47 earnings per share. Sell-side analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is 18.92%.

Wall Street Analyst Weigh In

URI has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a report on Friday, July 24th. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research note on Friday, July 24th. Wall Street Zen raised United Rentals from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Evercore reiterated an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Finally, Truist Financial increased their price target on United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the transaction, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

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.