Fideuram Asset Management Ireland dac Takes $2.63 Million Position in United Rentals, Inc. $URI

Fideuram Asset Management Ireland dac bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,249 shares of the construction company’s stock, valued at approximately $2,629,000.

Other large investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in United Rentals during the 3rd quarter worth approximately $29,000. Aventura Private Wealth LLC bought a new stake in United Rentals during the 4th quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp bought a new stake in United Rentals during the 3rd quarter worth approximately $35,000. Board of the Pension Protection Fund bought a new stake in United Rentals during the 4th quarter worth approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new stake in United Rentals during the 4th quarter worth approximately $32,000. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on URI shares. Evercore reissued an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Truist Financial set a $1,209.00 target price on United Rentals in a research note on Friday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. increased their target price on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,006.13.

United Rentals Trading Up 0.9%

NYSE:URI opened at $996.99 on Friday. United Rentals, Inc. has a twelve month low of $681.98 and a twelve month high of $1,021.47. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $854.91 and a two-hundred day moving average price of $845.69. The company has a market cap of $62.46 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.57 and a beta of 1.83.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $8.86 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts expect that United Rentals, Inc. will post 47.07 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.8%. United Rentals’s dividend payout ratio is 20.10%.

Insider Transactions at United Rentals

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the sale, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.