EverSource Wealth Advisors LLC Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

EverSource Wealth Advisors LLC increased its position in shares of United Rentals, Inc. (NYSE:URIFree Report) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116 shares of the construction company’s stock after buying an additional 21 shares during the period. EverSource Wealth Advisors LLC’s holdings in United Rentals were worth $67,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Norges Bank purchased a new stake in shares of United Rentals during the 4th quarter worth about $977,443,000. Dimensional Fund Advisors LP boosted its position in United Rentals by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after purchasing an additional 56,948 shares in the last quarter. International Assets Investment Management LLC grew its holdings in United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares during the period. Invesco Ltd. increased its position in shares of United Rentals by 19.1% in the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after buying an additional 149,838 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of United Rentals by 1.5% in the third quarter. Northern Trust Corp now owns 680,217 shares of the construction company’s stock valued at $302,404,000 after buying an additional 10,018 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

United Rentals Stock Performance

NYSE URI opened at $673.55 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The stock’s fifty day moving average is $685.43 and its two-hundred day moving average is $617.16. The firm has a market capitalization of $44.85 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.82. United Rentals, Inc. has a fifty-two week low of $330.30 and a fifty-two week high of $732.37.

United Rentals (NYSE:URIGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the company posted $7.95 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, research analysts anticipate that United Rentals, Inc. will post 43.61 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 22nd. Stockholders of record on Wednesday, May 8th were paid a $1.63 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.97%. United Rentals’s dividend payout ratio (DPR) is 17.66%.

Wall Street Analyst Weigh In

URI has been the topic of a number of research analyst reports. Truist Financial lifted their price target on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Evercore ISI lifted their target price on shares of United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group boosted their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus raised their price target on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $600.79.

Check Out Our Latest Report on United Rentals

United Rentals Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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