Orange Investment Advisors Inc. Has $5.04 Million Stake in United Rentals, Inc. $URI

Orange Investment Advisors Inc. lowered its holdings in United Rentals, Inc. (NYSE:URI) by 15.6% in the first quarter, Holdings Channel reports. The firm owned 6,911 shares of the construction company’s stock after selling 1,276 shares during the quarter. Orange Investment Advisors Inc.’s holdings in United Rentals were worth $5,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gleason Group Inc. boosted its stake in shares of United Rentals by 4.3% during the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after buying an additional 11 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in shares of United Rentals by 1.2% in the 4th quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after acquiring an additional 11 shares during the last quarter. Fearless Solutions LLC dba Best Invest raised its holdings 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 worth $448,000 after acquiring an additional 12 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its holdings in United Rentals by 3.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after acquiring an additional 12 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

United Rentals Stock Up 0.1%

Shares of URI opened at $1,123.06 on Monday. The firm’s 50 day moving average is $986.77 and its 200-day moving average is $882.32. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $70.36 billion, a PE ratio of 28.65, a P/E/G ratio of 1.77 and a beta of 1.81.

United Rentals (NYSE:URI) last released its 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 net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $8.86 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is presently 20.10%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on URI. Truist Financial set a $1,209.00 price target on United Rentals in a research note on Friday, April 24th. 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. Royal Bank Of Canada upped 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. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a report on Monday, May 11th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,070.50.

United Rentals 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.