EverSource Wealth Advisors LLC Has $129,000 Position in United Rentals, Inc. (NYSE:URI)

EverSource Wealth Advisors LLC grew its position in United Rentals, Inc. (NYSE:URI) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200 shares of the construction company’s stock after purchasing an additional 25 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in United Rentals were worth $129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Financial Corp IN acquired a new position in United Rentals during the 1st quarter worth $25,000. Crewe Advisors LLC acquired a new position in shares of United Rentals during the 1st quarter worth about $27,000. Rise Advisors LLC bought a new stake in United Rentals during the 1st quarter valued at approximately $28,000. RFP Financial Group LLC grew its holdings in United Rentals by 115.8% in the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after buying an additional 22 shares during the last quarter. Finally, Riverview Trust Co bought a new position in United Rentals in the 1st quarter worth approximately $31,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 0.2 %

Shares of NYSE:URI opened at $803.41 on Friday. The company’s fifty day moving average is $728.36 and its 200-day moving average is $690.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $826.24. The company has a market capitalization of $53.14 billion, a PE ratio of 21.76, a P/E/G ratio of 1.86 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm earned $9.88 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.81%. United Rentals’s payout ratio is 17.66%.

Insiders Place Their Bets

In related news, SVP Joli L. Gross sold 360 shares of United Rentals stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on URI shares. Truist Financial raised their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI upped their price objective on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. The Goldman Sachs Group lifted their target price on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James began coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target for the company. Finally, Citigroup began coverage on United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and an average price target of $687.46.

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.