Sanctuary Advisors LLC Purchases New Position in United Rentals, Inc. $URI

Sanctuary Advisors LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,110 shares of the construction company’s stock, valued at approximately $11,454,000.

A number of other large investors have also added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the 4th quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new stake in United Rentals during the fourth quarter valued at $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in United Rentals during the second quarter valued at $29,000. MidFirst Bank bought a new position in United Rentals during the second quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter valued at $32,000. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

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

United Rentals Trading Down 1.4%

URI stock opened at $1,083.45 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The stock has a market capitalization of $67.43 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.80. The firm’s fifty day simple moving average is $1,099.24 and its two-hundred day simple moving average is $952.76.

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

United Rentals Announces Dividend

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

Analysts Set New Price Targets

URI has been the topic of a number of research reports. Citigroup boosted their target price on shares of United Rentals from $1,270.00 to $1,330.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Truist Financial lifted their price target on United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Evercore restated an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

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.