North Point Portfolio Managers Corp OH Purchases 488 Shares of United Rentals, Inc. (NYSE:URI)

North Point Portfolio Managers Corp OH boosted its position in United Rentals, Inc. (NYSE:URI) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,565 shares of the construction company’s stock after purchasing an additional 488 shares during the quarter. United Rentals comprises about 2.7% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 13th biggest holding. North Point Portfolio Managers Corp OH’s holdings in United Rentals were worth $15,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock valued at $313,627,000 after acquiring an additional 6,787 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of United Rentals during the 4th quarter worth $649,000. Penobscot Investment Management Company Inc. increased its position in shares of United Rentals by 35.1% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock worth $2,898,000 after purchasing an additional 1,068 shares during the period. Elevation Point Wealth Partners LLC grew its stake in United Rentals by 32.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock worth $1,391,000 after buying an additional 550 shares in the last quarter. Finally, US Bancorp DE increased its stake in United Rentals by 2.2% in the fourth quarter. US Bancorp DE now owns 21,321 shares of the construction company’s stock valued at $15,019,000 after acquiring an additional 462 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI stock opened at $705.28 on Friday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of $673.94 and a 200-day moving average price of $685.62. The firm has a market cap of $45.84 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 1.02%. United Rentals’s dividend payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URI. The Goldman Sachs Group raised their price objective on United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Truist Financial upped their price target on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Sanford C. Bernstein raised United Rentals from an “underperform” rating to a “market perform” rating and cut their price target for the company from $705.00 to $666.00 in a research note on Tuesday, March 25th. Citigroup cut their target price on shares of United Rentals from $720.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $753.64.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction that occurred on 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 owns 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

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.