Manchester Capital Management LLC raised its stake in United Rentals, Inc. (NYSE:URI – Free Report) by 21.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 206 shares of the construction company’s stock after acquiring an additional 36 shares during the period. Manchester Capital Management LLC’s holdings in United Rentals were worth $129,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Forum Financial Management LP lifted its position in United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock valued at $528,000 after acquiring an additional 14 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of United Rentals by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company’s stock valued at $704,000 after purchasing an additional 17 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of United Rentals by 3.6% in the first quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company’s stock valued at $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC boosted its position in shares of United Rentals by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company’s stock worth $2,007,000 after buying an additional 18 shares during the period. Finally, HBK Sorce Advisory LLC grew its holdings in shares of United Rentals by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company’s stock worth $307,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on URI shares. Evercore ISI cut their target price on United Rentals from $974.00 to $921.00 and set an “outperform” rating on the stock in a research note on Monday, May 19th. Redburn Atlantic lowered shares of 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. Morgan Stanley raised their target price on shares of United Rentals from $702.00 to $955.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Truist Financial lifted their price target on shares of United Rentals from $786.00 to $952.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, KeyCorp increased their price objective on shares of United Rentals from $865.00 to $960.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $830.71.
Insider Buying and Selling
In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.51% of the company’s stock.
United Rentals Price Performance
Shares of NYSE URI opened at $868.56 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average price is $768.54 and its two-hundred day moving average price is $700.64. The company has a market cap of $55.88 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.99 and a beta of 1.72. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $903.60.
United Rentals (NYSE:URI – Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing analysts’ consensus estimates of $10.54 by ($0.07). United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the firm posted $10.70 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.
United Rentals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a $1.79 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is 18.52%.
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.
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