United Rentals, Inc. (NYSE:URI) Shares Bought by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 963.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436 shares of the construction company’s stock after buying an additional 395 shares during the period. BKM Wealth Management LLC’s holdings in United Rentals were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Capital Research Global Investors increased its position in United Rentals by 39.1% during the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after buying an additional 1,799,997 shares in the last quarter. Norges Bank acquired a new position in shares of United Rentals in the fourth quarter valued at about $977,443,000. Dimensional Fund Advisors LP increased its holdings in shares of United Rentals by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after purchasing an additional 56,948 shares during the period. International Assets Investment Management LLC increased its holdings in shares of United Rentals by 58,829.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of United Rentals by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock valued at $372,945,000 after purchasing an additional 11,429 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

NYSE URI opened at $640.84 on Tuesday. The company has a market cap of $42.67 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.12 and a beta of 1.71. The stock’s 50 day simple moving average is $660.61 and its 200-day simple moving average is $646.32. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year 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.

United Rentals (NYSE:URI) last posted its quarterly 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 firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the firm earned $7.95 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that United Rentals, Inc. will post 43.87 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued 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 dividend payout ratio is presently 17.66%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on URI. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Stifel Nicolaus increased their price objective on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Citigroup assumed coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Raymond James assumed coverage on United Rentals in a report on Friday. They set an “outperform” rating and a $750.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on United Rentals in a report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $638.40.

Insider Activity at United Rentals

In related news, COO Michael D. Durand sold 559 shares of the 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 of the company’s stock, valued at $5,431,557.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

United Rentals Company 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.