500 Shares in United Rentals, Inc. $URI Acquired by Western Wealth Management LLC

Western Wealth Management LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 500 shares of the construction company’s stock, valued at approximately $566,000.

Other hedge funds have also added to or reduced their stakes in the company. SFE Investment Counsel acquired a new stake in United Rentals during the second quarter worth approximately $12,765,000. Eventide Asset Management LLC boosted its holdings in shares of United Rentals by 19.6% during the fourth quarter. Eventide Asset Management LLC now owns 95,940 shares of the construction company’s stock worth $77,666,000 after acquiring an additional 15,696 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of United Rentals by 52.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,241 shares of the construction company’s stock valued at $2,623,000 after purchasing an additional 1,109 shares during the last quarter. Bridges Investment Management Inc. grew its position in shares of United Rentals by 2.0% in the fourth quarter. Bridges Investment Management Inc. now owns 69,583 shares of the construction company’s stock valued at $56,315,000 after purchasing an additional 1,354 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of United Rentals by 995.1% in the fourth quarter. WINTON GROUP Ltd now owns 13,612 shares of the construction company’s stock valued at $11,016,000 after purchasing an additional 12,369 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 2.9%

Shares of NYSE:URI opened at $1,052.07 on Wednesday. The business’s 50 day simple moving average is $1,098.88 and its 200 day simple moving average is $954.20. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The company has a market capitalization of $65.48 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.40 and a beta of 1.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. The firm had revenue of $4.41 billion during 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 company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.47 EPS. On average, research analysts anticipate that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Argus reissued a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a report on Tuesday, August 4th. UBS Group upped their price objective on United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley set a $1,335.00 price objective on United Rentals and gave the stock an “overweight” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

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.