Impact Partnership Wealth LLC Makes New Investment in United Rentals, Inc. $URI

Impact Partnership Wealth LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,002 shares of the construction company’s stock, valued at approximately $811,000.

Other hedge funds also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in United Rentals during the third quarter worth approximately $29,000. Aventura Private Wealth LLC purchased a new position in United Rentals during the fourth quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of United Rentals in the third quarter valued at approximately $35,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 548 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were 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 directly owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 in the last three months. Company insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $996.99 on Friday. United Rentals, Inc. has a 1-year low of $681.98 and a 1-year high of $1,021.47. 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 has a market cap of $62.46 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.83. The stock’s 50 day simple moving average is $854.91 and its 200-day simple moving average is $845.69.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the business 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, equities research analysts anticipate that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $1.97 dividend. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on URI shares. Barclays raised their target price on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. Truist Financial set a $1,209.00 target price on United Rentals in a research report on Friday, April 24th. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,006.13.

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.