LPL Financial LLC Has $133.18 Million Stock Holdings in United Rentals, Inc. $URI

LPL Financial LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 5.2% during the 4th quarter, HoldingsChannel reports. The fund owned 164,552 shares of the construction company’s stock after purchasing an additional 8,071 shares during the quarter. LPL Financial LLC’s holdings in United Rentals were worth $133,175,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in URI. Aventura Private Wealth LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $27,000. Core Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $28,000. Abich Financial Wealth Management LLC acquired a new position in United Rentals in the third quarter valued at about $29,000. Board of the Pension Protection Fund acquired a new position in United Rentals in the fourth quarter valued at about $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Down 3.4%

NYSE URI opened at $1,056.72 on Thursday. The firm has a market cap of $66.20 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.73 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The stock’s 50-day moving average is $906.76 and its 200-day moving average is $858.86. United Rentals, Inc. has a one year low of $682.08 and a one year high of $1,106.88.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.86 EPS. Sell-side analysts anticipate that United Rentals, Inc. will post 47.14 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio (DPR) is currently 20.10%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $1,030.00 target price on shares of United Rentals in a research note on Friday, April 24th. Robert W. Baird increased their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a research note on Wednesday. Citigroup increased their target price on United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, KeyCorp increased their target price on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals presently has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

Insider Buying and Selling

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s 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 transaction, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,088 shares of company stock valued at $25,628,877 in the last ninety days. 0.47% of the stock is owned by company insiders.

United Rentals Company Profile

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.