United Rentals, Inc. (NYSE:URI) Shares Bought by RFG Advisory LLC

RFG Advisory LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 40.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,470 shares of the construction company’s stock after purchasing an additional 427 shares during the period. RFG Advisory LLC’s holdings in United Rentals were worth $1,060,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in United Rentals in the fourth quarter worth approximately $2,351,000. Verdence Capital Advisors LLC purchased a new position in shares of United Rentals during the 4th quarter worth $257,000. Pinnacle Associates Ltd. increased its position in shares of United Rentals by 55.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 6,413 shares of the construction company’s stock worth $3,677,000 after purchasing an additional 2,289 shares during the last quarter. Victory Capital Management Inc. raised its holdings in United Rentals by 46.2% in the 4th quarter. Victory Capital Management Inc. now owns 99,372 shares of the construction company’s stock valued at $56,982,000 after buying an additional 31,398 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in United Rentals in the fourth quarter valued at about $780,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI opened at $640.78 on Friday. The company has a market cap of $42.67 billion, a P/E ratio of 17.36, a PEG ratio of 2.07 and a beta of 1.75. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. United Rentals, Inc. has a one year low of $387.01 and a one year high of $732.37. The business’s 50-day simple moving average is $661.08 and its 200 day simple moving average is $640.01.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the business posted $7.95 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that United Rentals, Inc. will post 43.87 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on URI. Stifel Nicolaus upped their price objective 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 stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. began coverage on United Rentals in a research note on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective for the company. Truist Financial increased their target price on United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $612.73.

Insider Transactions at United Rentals

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

United Rentals Profile

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.