Sowell Financial Services LLC Acquires New Stake in United Rentals, Inc. (NYSE:URI)

Sowell Financial Services LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the 1st quarter, Holdings Channel.com reports. The firm acquired 3,060 shares of the construction company’s stock, valued at approximately $1,918,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Valmark Advisers Inc. boosted its position in shares of United Rentals by 1.8% in the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock worth $555,000 after buying an additional 14 shares in the last quarter. Erste Asset Management GmbH lifted its holdings in shares of United Rentals by 0.5% in the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock valued at $2,002,000 after purchasing an additional 14 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock valued at $528,000 after purchasing an additional 14 shares in the last quarter. Klingman & Associates LLC lifted its holdings in shares of United Rentals by 2.3% in the fourth quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after purchasing an additional 15 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of United Rentals by 4.5% in the fourth quarter. Global Retirement Partners LLC now owns 395 shares of the construction company’s stock valued at $278,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

In other news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

United Rentals Trading Up 1.0%

Shares of URI stock opened at $695.30 on Wednesday. The firm has a market cap of $45.19 billion, a P/E ratio of 18.00, a PEG ratio of 1.68 and a beta of 1.70. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The firm’s 50-day simple moving average is $667.38 and its 200-day simple moving average is $689.05.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.15 earnings per share. As a group, equities analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is currently 18.54%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on United Rentals from $780.00 to $920.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Redburn Atlantic downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective on the stock. in a research report on Friday, June 13th. Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Cfra Research upgraded United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Bank of America reduced their target price on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $753.64.

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.