United Rentals, Inc. (NYSE:URI) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,768 shares of the construction company’s stock after purchasing an additional 54 shares during the period. Park Avenue Securities LLC’s holdings in United Rentals were worth $1,275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of URI. Envestnet Portfolio Solutions Inc. acquired a new position in shares of United Rentals during the third quarter worth $652,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in United Rentals by 11.7% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 764 shares of the construction company’s stock valued at $340,000 after acquiring an additional 80 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in United Rentals by 8.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 15,484 shares of the construction company’s stock valued at $6,884,000 after acquiring an additional 1,225 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in United Rentals by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 34,825 shares of the construction company’s stock valued at $15,482,000 after acquiring an additional 175 shares during the last quarter. Finally, Roundview Capital LLC purchased a new stake in United Rentals in the third quarter valued at $1,125,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on URI shares. 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 report on Tuesday, April 16th. Truist Financial boosted their price target on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Oppenheimer reissued 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 report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. Finally, Stifel Nicolaus upped their target price on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus target price of $612.73.

Insiders Place Their Bets

In other United Rentals news, 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 transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other United Rentals news, 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 transaction, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew John Flannery sold 8,379 shares of the company’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 transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

United Rentals Trading Up 0.7 %

NYSE URI opened at $645.37 on Tuesday. The stock has a market capitalization of $42.98 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.07 and a beta of 1.75. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $732.37. The firm has a 50-day moving average price of $660.65 and a 200 day moving average price of $642.30. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.35 by $0.80. The firm had revenue of $3.49 billion during 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 firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $7.95 earnings per share. Equities research analysts expect that United Rentals, Inc. will post 43.87 EPS for the current year.

United Rentals Dividend Announcement

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

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.