International Assets Investment Management LLC Buys 194 Shares of United Rentals, Inc. (NYSE:URI)

International Assets Investment Management LLC boosted its stake in United Rentals, Inc. (NYSE:URI) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,013 shares of the construction company’s stock after purchasing an additional 194 shares during the period. International Assets Investment Management LLC’s holdings in United Rentals were worth $1,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. AdvisorNet Financial Inc raised its stake 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. Rise Advisors LLC bought a new stake in United Rentals in the first quarter valued at $28,000. Private Wealth Management Group LLC purchased a new position in United Rentals during the 4th quarter valued at $34,000. Quarry LP bought a new position in United Rentals in the 4th quarter worth $36,000. Finally, Larson Financial Group LLC lifted its position in shares of United Rentals by 1,525.0% in the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after purchasing an additional 61 shares during the period. Institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective for the company. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Truist Financial boosted their price objective on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Stifel Nicolaus raised their target price 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, The Goldman Sachs Group lifted their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Three equities 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $612.73.

United Rentals Price Performance

NYSE URI opened at $640.78 on Monday. 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 firm has a market capitalization 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 50-day moving average price of $661.08 and a 200-day moving average price of $641.17. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $732.37.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the firm posted $7.95 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that United Rentals, Inc. will post 43.87 earnings per share for the current year.

United Rentals Announces Dividend

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

Insider Transactions at United Rentals

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 transaction of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares in the company, valued at approximately $5,431,557.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction that occurred on 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 sale, the chief executive officer now 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 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 transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

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.