Western Wealth Management LLC Raises Stock Position in United Rentals, Inc. $URI

Western Wealth Management LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 56.3% during the 1st quarter, Holdings Channel reports. The firm owned 1,411 shares of the construction company’s stock after buying an additional 508 shares during the period. Western Wealth Management LLC’s holdings in United Rentals were worth $1,028,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Bridgewater Advisors Inc. grew its stake 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 acquiring an additional 11 shares in the last quarter. PFG Investments LLC raised its stake in shares of United Rentals by 0.9% in the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after acquiring an additional 11 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake 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 in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in United Rentals by 3.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock valued at $260,000 after purchasing an additional 12 shares during the period. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in United Rentals by 2.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock valued at $441,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Price Performance

URI stock opened at $1,080.77 on Monday. The company has a market capitalization of $67.27 billion, a P/E ratio of 25.96, a PEG ratio of 1.40 and a beta of 1.79. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,177.67. The business has a 50 day simple moving average of $1,067.76 and a 200-day simple moving average of $925.23. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38.

United Rentals (NYSE:URI) last announced its earnings results on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the company posted $10.47 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that United Rentals, Inc. will post 48.35 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is currently 18.92%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their price target on United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Citigroup lifted their price objective on United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research report on Friday, July 24th. Morgan Stanley set a $1,335.00 target price on shares of United Rentals and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Bank of America increased their price target on shares of United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $1,226.50.

Insider Buying and Selling

In other news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.