Janney Montgomery Scott LLC Purchases 1,692 Shares of United Rentals, Inc. $URI

Janney Montgomery Scott LLC lifted its position in shares of United Rentals, Inc. (NYSE:URI) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,303 shares of the construction company’s stock after purchasing an additional 1,692 shares during the period. Janney Montgomery Scott LLC’s holdings in United Rentals were worth $28,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in URI. Beacon Investment Advisory Services Inc. grew its holdings in shares of United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after purchasing an additional 7,663 shares in the last quarter. Nordea Investment Management AB raised its stake in United Rentals by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after purchasing an additional 28,604 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in United Rentals by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after purchasing an additional 1,846 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in United Rentals by 1.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock worth $351,128,000 after purchasing an additional 5,115 shares during the period. Finally, Victory Capital Management Inc. grew its stake in United Rentals by 37.8% during the third quarter. Victory Capital Management Inc. now owns 113,434 shares of the construction company’s stock worth $108,291,000 after buying an additional 31,125 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Rentals

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

United Rentals Stock Up 0.1%

URI stock opened at $1,122.26 on Tuesday. The stock has a market capitalization of $70.31 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.77 and a beta of 1.81. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The firm has a 50-day moving average price of $993.67 and a 200-day moving average price of $884.66.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.47 by ($1.76). The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $8.86 earnings per share. As a group, equities research analysts anticipate 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 paid a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on URI shares. UBS Group raised their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. Citigroup increased their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Truist Financial set a $1,209.00 price objective on shares of United Rentals in a research note on Friday, April 24th. Finally, Barclays boosted their price objective on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,096.75.

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.