Impact Partnership Wealth LLC Makes New Investment in United Rentals, Inc. $URI

Impact Partnership Wealth LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,002 shares of the construction company’s stock, valued at approximately $811,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new stake in United Rentals during the fourth quarter worth $27,000. Abich Financial Wealth Management LLC acquired a new stake in United Rentals during the third quarter worth $29,000. Board of the Pension Protection Fund acquired a new stake in United Rentals during the fourth quarter worth $32,000. Laurel Wealth Advisors LLC acquired a new stake in United Rentals during the fourth quarter worth $32,000. Finally, Fortitude Family Office LLC increased its stake in United Rentals by 121.1% during the fourth quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock worth $34,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Evercore reissued an “outperform” rating and set a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Morgan Stanley reissued an “overweight” rating and set a $1,030.00 target price on shares of United Rentals in a research note on Friday, April 24th. Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. KeyCorp raised their target price on United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,006.13.

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals 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 completion of the sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. The trade was a 14.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,088 shares of company stock valued at $25,628,877. Corporate insiders own 0.47% of the company’s stock.

United Rentals Trading Up 0.9%

Shares of NYSE URI opened at $996.99 on Friday. United Rentals, Inc. has a twelve month low of $681.98 and a twelve month high of $1,021.47. 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 fifty day simple moving average of $854.91 and a 200-day simple moving average of $845.69. The stock has a market capitalization of $62.46 billion, a PE ratio of 25.43, a PEG ratio of 1.58 and a beta of 1.83.

United Rentals (NYSE:URI) last issued its quarterly earnings data 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 firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm posted $8.86 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is presently 20.10%.

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.