Candriam S.C.A. Purchases 711 Shares of United Rentals, Inc. $URI

Candriam S.C.A. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 6.9% in the first quarter, HoldingsChannel reports. The firm owned 10,992 shares of the construction company’s stock after purchasing an additional 711 shares during the quarter. Candriam S.C.A.’s holdings in United Rentals were worth $8,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aventura Private Wealth LLC purchased a new stake in United Rentals during the fourth quarter valued at $27,000. Core Wealth Advisors LLC bought a new position in United Rentals during the fourth quarter valued at $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals in the 4th quarter worth $28,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the 4th quarter worth $32,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth about $32,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Trading Up 0.1%

Shares of United Rentals stock opened at $1,096.69 on Monday. The firm’s 50 day simple moving average is $1,029.74 and its two-hundred day simple moving average is $902.60. The firm has a market capitalization of $68.70 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.75 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 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 (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 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 analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.86 earnings per share. Analysts predict that United Rentals, Inc. will post 46.7 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is 20.10%.

Insider Buying and Selling

In other news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares in the company, valued at $98,478,300.40. The trade was a 18.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the transaction, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,088 shares of company stock valued at $25,628,877 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the topic of several recent research reports. Barclays upped their target price 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. BNP Paribas Exane upgraded United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price target for the company in a research report on Monday, June 29th. Truist Financial boosted their price objective on United Rentals from $1,209.00 to $1,421.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citigroup upped their price objective on United Rentals from $1,130.00 to $1,210.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a research note on Wednesday, June 10th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $1,124.69.

About United Rentals

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.