Brookstone Capital Management Takes Position in United Rentals, Inc. (NYSE:URI)

Brookstone Capital Management bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 257 shares of the construction company’s stock, valued at approximately $208,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors acquired a new stake in shares of United Rentals in the 1st quarter worth approximately $332,349,000. AMF Tjanstepension AB grew its holdings in United Rentals by 77.7% in the second quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock valued at $295,626,000 after purchasing an additional 199,810 shares during the last quarter. Marshall Wace LLP increased its position in shares of United Rentals by 259.3% in the second quarter. Marshall Wace LLP now owns 150,152 shares of the construction company’s stock valued at $97,108,000 after buying an additional 108,360 shares in the last quarter. AGF Management Ltd. raised its stake in shares of United Rentals by 4,778.7% during the 2nd quarter. AGF Management Ltd. now owns 103,672 shares of the construction company’s stock worth $67,048,000 after buying an additional 101,547 shares during the last quarter. Finally, Heritage Wealth Advisors raised its stake in shares of United Rentals by 15,100.8% during the 1st quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock worth $72,674,000 after buying an additional 100,118 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Price Performance

United Rentals stock opened at $833.68 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market cap of $55.51 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.86 and a beta of 1.68. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $844.94. The firm has a 50 day moving average price of $750.66 and a 200 day moving average price of $700.78.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the firm posted $9.88 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts predict 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. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling

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 shares were 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 $2,822,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on URI. Raymond James started coverage on shares of United Rentals in a research report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price for the company. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Truist Financial boosted their price target on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird boosted their target price on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $714.92.

United Rentals 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.