Kovack Advisors Inc. Boosts Stock Holdings in United Rentals, Inc. $URI

Kovack Advisors Inc. boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 14.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,766 shares of the construction company’s stock after acquiring an additional 1,214 shares during the period. Kovack Advisors Inc.’s holdings in United Rentals were worth $7,904,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Beacon Investment Advisory Services Inc. grew its stake in United Rentals by 1,358.7% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock valued at $6,658,000 after acquiring an additional 7,663 shares in the last quarter. Caprock Group LLC purchased a new position in shares of United Rentals in the 3rd quarter worth $5,574,000. TD Asset Management Inc grew its stake in shares of United Rentals by 66.5% in the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock worth $462,485,000 after buying an additional 193,416 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of United Rentals by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock worth $126,362,000 after buying an additional 28,604 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of United Rentals by 18.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after buying an additional 1,846 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the subject of a number of recent research reports. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a research note on Wednesday. Evercore reissued an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

United Rentals Price Performance

URI stock opened at $1,067.20 on Friday. United Rentals, Inc. has a 12 month low of $682.08 and a 12 month high of $1,106.88. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $913.55 and a 200 day moving average price of $860.73. The stock has a market cap of $66.86 billion, a PE ratio of 27.22, a P/E/G ratio of 1.67 and a beta of 1.81.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the firm posted $8.86 earnings per share. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts anticipate that United Rentals, Inc. will post 47.14 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s payout ratio is currently 20.10%.

Insider Activity

In related news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the sale, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock valued at $25,628,877 in the last quarter. 0.47% of the stock is currently owned by company insiders.

About United Rentals

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.