Northwestern Mutual Wealth Management Co. Grows Stock Holdings in United Rentals, Inc. (NYSE:URI)

Northwestern Mutual Wealth Management Co. raised its position in shares of United Rentals, Inc. (NYSE:URI) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,114 shares of the construction company’s stock after buying an additional 541 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in United Rentals were worth $7,189,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Duncker Streett & Co. Inc. raised its position in shares of United Rentals by 0.3% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 14 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock valued at $244,000 after purchasing an additional 14 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of United Rentals by 3.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after purchasing an additional 15 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of United Rentals by 4.7% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 357 shares of the construction company’s stock valued at $231,000 after purchasing an additional 16 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in shares of United Rentals by 0.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,841 shares of the construction company’s stock valued at $2,484,000 after purchasing an additional 17 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial raised their price target on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Raymond James began coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. JPMorgan Chase & Co. raised 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 on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $687.46.

United Rentals Stock Down 1.3 %

Shares of URI opened at $796.03 on Thursday. The firm has a market cap of $53.01 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.68. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $826.24. The company’s 50-day moving average price is $734.55 and its 200 day moving average price is $694.51. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

Insider Buying and Selling at United Rentals

In other United Rentals 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 approximately $2,822,100. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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.