SYSTM Wealth Solutions LLC Has $752,000 Stock Position in United Rentals, Inc. (NYSE:URI)

SYSTM Wealth Solutions LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,163 shares of the construction company’s stock after purchasing an additional 94 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in United Rentals were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. First Financial Corp IN bought a new stake in United Rentals during the 1st quarter worth approximately $25,000. Crewe Advisors LLC bought a new position in shares of United Rentals in the 1st quarter worth $27,000. RFP Financial Group LLC grew its stake in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after purchasing an additional 22 shares during the period. Rise Advisors LLC bought a new position in United Rentals during the first quarter worth about $28,000. Finally, Riverview Trust Co acquired a new position in shares of United Rentals during the 1st quarter worth about $31,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent analyst reports. 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 objective for the company. Raymond James initiated coverage on shares of United Rentals in a research report on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Truist Financial boosted their price target on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, Citigroup assumed coverage on United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, United Rentals currently has an average rating of “Hold” and an average price target of $675.15.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

Shares of United Rentals stock opened at $773.29 on Thursday. The company’s 50 day moving average price is $715.08 and its two-hundred day moving average price is $685.31. The firm has a market capitalization of $51.49 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.72 and a beta of 1.68. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $801.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating the consensus estimate of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the business posted $9.88 EPS. United Rentals’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

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.