Diversify Wealth Management LLC Invests $1.23 Million in United Rentals, Inc. $URI

Diversify Wealth Management LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,684 shares of the construction company’s stock, valued at approximately $1,227,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in United Rentals during the 4th quarter worth approximately $27,000. Core Wealth Advisors LLC acquired a new stake in shares of United Rentals in the 4th quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals in the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund acquired a new position in United Rentals during the fourth quarter worth $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals during the fourth quarter worth $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares of the company’s stock, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on URI shares. Weiss Ratings downgraded United Rentals from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. KeyCorp upped 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. Morgan Stanley reiterated an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Barclays boosted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Rentals from $1,050.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Monday. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,131.56.

United Rentals Price Performance

URI stock opened at $1,048.02 on Thursday. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,143.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The stock’s 50 day moving average price is $1,036.53 and its 200 day moving average price is $907.75. The firm has a market cap of $65.66 billion, a P/E ratio of 26.74, a PEG ratio of 1.71 and a beta of 1.79.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the business posted $8.86 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that United Rentals, Inc. will post 46.7 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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 0.8%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

United Rentals 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.