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

Aviso Wealth Management boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 1.8% in the second quarter, HoldingsChannel.com reports. The fund owned 1,334 shares of the construction company’s stock after acquiring an additional 23 shares during the quarter. Aviso Wealth Management’s holdings in United Rentals were worth $863,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in URI. First Financial Corp IN acquired a new stake in United Rentals during the 1st quarter worth about $25,000. Crewe Advisors LLC acquired a new stake in United Rentals during the 1st quarter worth about $27,000. RFP Financial Group LLC lifted its position in United Rentals by 115.8% during the 2nd quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after acquiring an additional 22 shares during the period. Rise Advisors LLC acquired a new stake in United Rentals during the 1st quarter worth about $28,000. Finally, Riverview Trust Co acquired a new stake in United Rentals during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insiders Place Their Bets

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at approximately $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 owned by company insiders.

United Rentals Stock Performance

NYSE URI opened at $814.10 on Friday. The stock has a market capitalization of $54.21 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.86 and a beta of 1.68. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $826.24. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average of $730.26 and a 200 day moving average of $691.76.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. United Rentals’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.88 EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 44.39 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a yield of 0.80%. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James initiated coverage on United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Evercore ISI boosted their price objective on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. The Goldman Sachs Group boosted their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Citigroup initiated coverage on United Rentals in a report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $687.46.

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.