555 Shares in United Rentals, Inc. (NYSE:URI) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new position in United Rentals, Inc. (NYSE:URI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 555 shares of the construction company’s stock, valued at approximately $318,000.

Several other institutional investors have also recently added to or reduced their stakes in URI. AdvisorNet Financial Inc increased its stake in shares of United Rentals by 71.4% in the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after acquiring an additional 20 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in United Rentals in the fourth quarter worth $34,000. Quarry LP bought a new stake in United Rentals in the fourth quarter valued at $36,000. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 61 shares during the period. Finally, Arlington Trust Co LLC boosted its position in shares of United Rentals by 50.0% during the 4th quarter. Arlington Trust Co LLC now owns 84 shares of the construction company’s stock worth $48,000 after purchasing an additional 28 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at approximately $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated 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 in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

United Rentals Stock Down 0.9 %

URI opened at $639.17 on Friday. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $732.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company’s 50-day moving average is $662.70 and its 200 day moving average is $637.82. The firm has a market capitalization of $42.56 billion, a P/E ratio of 17.31, a PEG ratio of 2.09 and a beta of 1.75.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $7.95 EPS. Research analysts expect that United Rentals, Inc. will post 43.87 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, May 7th. United Rentals’s payout ratio is 17.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on URI shares. Truist Financial upped their price target on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. JPMorgan Chase & Co. began 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 for the company. The Goldman Sachs Group boosted their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Stifel Nicolaus raised their price objective 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $612.73.

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.