Louisbourg Investments Inc. Buys 1,595 Shares of United Rentals, Inc. $URI

Louisbourg Investments Inc. raised its stake in shares of United Rentals, Inc. (NYSE:URI) by 22.4% in the 1st quarter, Holdings Channel reports. The firm owned 8,706 shares of the construction company’s stock after acquiring an additional 1,595 shares during the period. Louisbourg Investments Inc.’s holdings in United Rentals were worth $6,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Gleason Group Inc. increased its holdings in shares of United Rentals by 4.3% in the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after purchasing an additional 11 shares during the last quarter. Bridgewater Advisors Inc. lifted its position in shares of United Rentals by 1.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after buying an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in United Rentals by 2.9% during the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after buying an additional 11 shares during the last quarter. Fearless Solutions LLC dba Best Invest boosted its stake in United Rentals by 2.2% during the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock valued at $448,000 after buying an additional 12 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its holdings in United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on URI. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Morgan Stanley reiterated an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a research report on Friday, April 24th. Truist Financial set a $1,209.00 target price on shares of United Rentals in a report on Friday, April 24th. Royal Bank Of Canada boosted their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Bank of America upped their price target on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,070.50.

United Rentals Trading Down 1.4%

NYSE URI opened at $1,123.06 on Friday. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. The company has a market capitalization of $70.36 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.81. The company’s 50-day simple moving average is $986.77 and its two-hundred day simple moving average is $881.63.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the previous year, the company posted $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the sale, the senior vice president owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction 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 transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. This represents a 18.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 over the last quarter. 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.