Wealthcare Advisory Partners LLC Lowers Stock Position in United Rentals, Inc. (NYSE:URI)

Wealthcare Advisory Partners LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,529 shares of the construction company’s stock after selling 380 shares during the period. Wealthcare Advisory Partners LLC’s holdings in United Rentals were worth $3,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Deutsche Bank AG grew its position in United Rentals by 88.1% during the third quarter. Deutsche Bank AG now owns 362,151 shares of the construction company’s stock valued at $161,001,000 after buying an additional 169,586 shares during the period. Invesco Ltd. grew its position in United Rentals by 19.1% during the third quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock valued at $414,974,000 after buying an additional 149,838 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in United Rentals during the third quarter valued at $40,634,000. Finally, The Manufacturers Life Insurance Company grew its position in United Rentals by 12.7% during the third quarter. The Manufacturers Life Insurance Company now owns 638,958 shares of the construction company’s stock valued at $284,061,000 after buying an additional 72,066 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William E. Grace sold 775 shares of United Rentals stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total value of $508,105.50. Following the completion of the transaction, the chief financial officer now owns 6,323 shares in the company, valued at $4,145,485.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,713 shares of company stock worth $6,747,384. Corporate insiders own 0.49% of the company’s stock.

United Rentals Trading Up 2.5 %

URI stock traded up $16.68 during trading on Monday, reaching $683.34. 339,288 shares of the stock were exchanged, compared to its average volume of 585,772. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average price of $683.37 and a 200-day moving average price of $588.62. United Rentals, Inc. has a 1 year low of $325.91 and a 1 year high of $732.37. The firm has a market capitalization of $45.50 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.17 and a beta of 1.82.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm earned $7.95 earnings per share. United Rentals’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that United Rentals, Inc. will post 43.61 earnings per share for the current year.

United Rentals announced that its board has approved a stock repurchase program on Wednesday, January 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, May 7th. United Rentals’s dividend payout ratio is presently 17.66%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on URI shares. The Goldman Sachs Group raised their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus increased their price objective on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Barclays increased their price objective on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Finally, Truist Financial increased their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, United Rentals has an average rating of “Hold” and an average price target of $600.79.

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.