Capital Asset Advisory Services LLC Purchases Shares of 526 United Rentals, Inc. $URI

Capital Asset Advisory Services LLC acquired a new position in United Rentals, Inc. (NYSE:URI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 526 shares of the construction company’s stock, valued at approximately $383,000.

Several other hedge funds have also modified their holdings of the company. Beacon Investment Advisory Services Inc. raised its position in United Rentals by 1,358.7% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after purchasing an additional 7,663 shares during the period. Nordea Investment Management AB boosted its holdings in shares of United Rentals by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock worth $126,362,000 after purchasing an additional 28,604 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after purchasing an additional 1,846 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of United Rentals by 1.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after purchasing an additional 5,115 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of United Rentals by 37.8% during the 3rd quarter. Victory Capital Management Inc. now owns 113,434 shares of the construction company’s stock valued at $108,291,000 after purchasing an additional 31,125 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Down 1.0%

NYSE:URI opened at $1,100.43 on Friday. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The company has a market cap of $68.94 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 1.78 and a beta of 1.79. The stock has a fifty day simple moving average of $1,012.30 and a 200-day simple moving average of $890.88. 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 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.86 earnings per share. Analysts anticipate that United Rentals, Inc. will post 46.76 EPS for the current year.

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on URI. Raymond James Financial restated an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a research report on Wednesday, June 10th. Morgan Stanley reiterated an “overweight” rating and set a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Robert W. Baird increased their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Truist Financial raised their target price on shares of United Rentals from $1,209.00 to $1,421.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp lifted their price target on shares of United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $1,119.69.

Insider Activity at United Rentals

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at $5,479,732.62. This represents a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,088 shares of company stock valued at $25,628,877 over the last 90 days. 0.47% of the stock is currently owned by 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.