Steinberganna Wealth Management Acquires Shares of 3,344 United Rentals, Inc. $URI

Steinberganna Wealth Management bought a new position in United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,344 shares of the construction company’s stock, valued at approximately $3,192,000. United Rentals makes up about 1.5% of Steinberganna Wealth Management’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P purchased a new stake in United Rentals in the 2nd quarter worth $28,000. Salomon & Ludwin LLC grew its position in shares of United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of United Rentals in the first quarter worth about $30,000. Maseco LLP purchased a new stake in shares of United Rentals in the second quarter worth about $32,000. Finally, Trust Co. of Toledo NA OH bought a new position in United Rentals during the second quarter valued at approximately $38,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 4.4%

Shares of NYSE URI opened at $919.65 on Friday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.84 and a current ratio of 0.90. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.83 and a beta of 1.69. The business’s 50 day moving average price is $825.80 and its 200-day moving average price is $872.55.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $11.70 EPS for the quarter, missing the consensus estimate of $12.43 by ($0.73). United Rentals had a net margin of 15.83% and a return on equity of 31.30%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the company earned $11.80 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. United Rentals’s dividend payout ratio (DPR) is currently 18.42%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial reduced their price objective on United Rentals from $1,169.00 to $1,045.00 and set a “buy” rating on the stock in a research note on Thursday, December 18th. Wells Fargo & Company assumed coverage on shares of United Rentals in a report on Thursday, November 13th. They issued an “overweight” rating and a $995.00 target price for the company. UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target on the stock in a research note on Sunday. Robert W. Baird upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $888.00 to $1,050.00 in a research report on Wednesday, October 1st. Finally, KeyCorp restated an “overweight” rating on shares of United Rentals in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $954.83.

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.