Baldwin Wealth Partners LLC MA Has $22.80 Million Stake in United Rentals, Inc. (NYSE:URI)

Baldwin Wealth Partners LLC MA grew its stake in United Rentals, Inc. (NYSE:URI) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,372 shares of the construction company’s stock after purchasing an additional 763 shares during the period. United Rentals comprises about 1.6% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 17th biggest position. Baldwin Wealth Partners LLC MA owned about 0.06% of United Rentals worth $22,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital World Investors grew its position in United Rentals by 17.1% in the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after purchasing an additional 323,636 shares during the last quarter. Geode Capital Management LLC grew its position in United Rentals by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company’s stock worth $1,115,142,000 after purchasing an additional 20,401 shares during the last quarter. Alliancebernstein L.P. grew its position in United Rentals by 16.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company’s stock worth $880,778,000 after purchasing an additional 172,340 shares during the last quarter. Franklin Resources Inc. grew its position in United Rentals by 9.8% in the 4th quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company’s stock worth $770,199,000 after purchasing an additional 97,336 shares during the last quarter. Finally, Capital International Investors grew its position in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after purchasing an additional 305,491 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

URI has been the subject of a number of analyst reports. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $485.00 to $780.00 in a report on Friday, May 16th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Cfra Research raised shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Citigroup reduced their price objective on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI reduced their price objective on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $753.15.

United Rentals Trading Up 1.1%

Shares of NYSE URI opened at $707.02 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The company has a market cap of $45.96 billion, a PE ratio of 18.25, a P/E/G ratio of 1.43 and a beta of 1.70. The company has a 50-day moving average of $650.15 and a two-hundred day moving average of $695.46. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate 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 earnings per share. As a group, equities analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

United Rentals Profile

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.