Los Angeles Capital Management LLC Purchases 3,248 Shares of United Rentals, Inc. (NYSE:URI)

Los Angeles Capital Management LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 38.4% during the 1st quarter, Holdings Channel reports. The firm owned 11,713 shares of the construction company’s stock after purchasing an additional 3,248 shares during the quarter. Los Angeles Capital Management LLC’s holdings in United Rentals were worth $8,446,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in URI. AdvisorNet Financial Inc increased its position in shares of United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Private Wealth Management Group LLC bought a new stake in shares of United Rentals during the 4th quarter worth $34,000. Quarry LP purchased a new position in shares of United Rentals in the 4th quarter worth about $36,000. Larson Financial Group LLC grew its position in United Rentals by 1,525.0% during the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after buying an additional 61 shares during the period. Finally, Arlington Trust Co LLC grew its position in United Rentals by 50.0% during the fourth quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock valued at $48,000 after buying an additional 28 shares during the period. 96.26% of the stock is owned by institutional investors.

United Rentals Price Performance

United Rentals stock opened at $644.89 on Thursday. The stock has a market cap of $42.94 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 2.09 and a beta of 1.75. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $663.45 and a 200 day simple moving average of $637.77. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $732.37.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the company earned $7.95 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts forecast that United Rentals, Inc. will post 43.77 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio is presently 17.66%.

Wall Street Analyst Weigh In

URI has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group upped their price target on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Truist Financial upped their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. started coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $612.73.

Insider Activity

In other United Rentals news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

About United Rentals

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.