Diversify Advisory Services LLC Takes Position in United Rentals, Inc. $URI

Diversify Advisory Services LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,713 shares of the construction company’s stock, valued at approximately $1,932,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of United Rentals in the 2nd quarter worth $5,816,326,000. Norges Bank purchased a new stake in shares of United Rentals during the fourth quarter worth $978,017,000. Bank of New York Mellon Corp acquired a new stake in shares of United Rentals during the 2nd quarter valued at about $412,860,000. Corient Private Wealth LLC grew its position in United Rentals by 1,667.4% in the fourth quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after acquiring an additional 324,503 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in United Rentals in the second quarter worth $218,508,000. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Down 0.0%

NYSE URI opened at $1,116.17 on Thursday. The stock has a market capitalization of $69.47 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.80. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. The stock has a fifty day moving average of $1,098.29 and a 200-day moving average of $946.28.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $10.47 earnings per share. On average, equities research analysts forecast that United Rentals, Inc. will post 48.55 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.97 per share. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is currently 18.92%.

Insider Activity at United Rentals

In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Argus reiterated a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Citigroup lifted their price objective on United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price 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.