Stiles Financial Services Inc Boosts Stake in United Rentals, Inc. $URI

Stiles Financial Services Inc boosted its position in United Rentals, Inc. (NYSE:URI) by 43.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,569 shares of the construction company’s stock after purchasing an additional 782 shares during the period. Stiles Financial Services Inc’s holdings in United Rentals were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of URI. Aventura Private Wealth LLC purchased a new stake in United Rentals in the fourth quarter worth $27,000. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. purchased a new stake in shares of United Rentals during the fourth quarter valued at $28,000. Board of the Pension Protection Fund bought a new position in shares of United Rentals in the fourth quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of United Rentals in the fourth quarter worth about $32,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 1.6%

URI opened at $1,088.62 on Friday. 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 firm has a market cap of $68.20 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.71 and a beta of 1.79. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,143.69. The stock has a fifty day moving average price of $1,026.85 and a 200-day moving average price of $900.63.

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). 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%. United Rentals’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $8.86 EPS. As a group, equities research analysts anticipate that United Rentals, Inc. will post 46.76 earnings per share for the current fiscal year.

United Rentals Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Evercore restated an “outperform” rating and issued a $1,101.00 target price on shares of United Rentals in a research note on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a research report on Wednesday, June 10th. Truist Financial boosted their price target on United Rentals from $1,209.00 to $1,421.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Robert W. Baird increased their price objective on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average target price of $1,124.69.

Insider Activity

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction on Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

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.