United Rentals, Inc. (NYSE:URI) Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881 shares of the construction company’s stock after purchasing an additional 158 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in United Rentals were worth $621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in United Rentals in the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. raised its position in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock valued at $29,000 after purchasing an additional 29 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in United Rentals in the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC acquired a new stake in United Rentals in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the topic of a number of analyst reports. Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. UBS Group raised United Rentals from a “sell” rating to a “neutral” rating and raised their target price for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Bank of America cut their target price on United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Morgan Stanley raised United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 target price on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their target price on United Rentals from $780.00 to $920.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $757.38.

United Rentals Trading Down 0.5%

URI opened at $700.31 on Friday. The firm has a market cap of $45.52 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $896.98. The business’s 50 day moving average is $636.40 and its two-hundred day moving average is $707.73. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $9.15 EPS. On average, research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is 18.54%.

Insiders Place Their Bets

In other news, EVP Michael D. Durand sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,908 shares of company stock valued at $1,890,567 over the last quarter. Company insiders own 0.53% of the company’s stock.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.