Inceptionr LLC Buys Shares of 1,115 United Rentals, Inc. $URI

Inceptionr LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 1,115 shares of the construction company’s stock, valued at approximately $812,000.

A number of other institutional investors also recently modified their holdings of URI. Core Wealth Advisors LLC bought a new stake in shares of United Rentals during the 4th quarter worth $28,000. MV Capital Management Inc. bought a new position in United Rentals in the fourth quarter valued at about $28,000. Laurel Wealth Advisors LLC bought a new position in United Rentals in the fourth quarter valued at about $32,000. Fortitude Family Office LLC raised 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 in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in United Rentals during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Key United Rentals News

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: JPMorgan raised its price target on United Rentals to $1,235 and kept an overweight rating, signaling confidence in continued upside. JPMorgan price target increase
• Positive Sentiment: Truist boosted its target to $1,466 and maintained a buy rating, reflecting a more optimistic view of URI’s earnings power and demand trends. Truist price target increase
• Positive Sentiment: Citigroup raised its target to $1,330 with a buy rating after the company’s strong Q2 results and improved guidance. Citigroup price target increase
• Positive Sentiment: Bank of America increased its target to $1,300 and reiterated a buy rating, adding to the positive analyst momentum around the stock. Bank of America price target increase
• Positive Sentiment: United Rentals reported Q2 earnings of $12.76 per share and revenue of $4.41 billion, both ahead of expectations, and raised full-year guidance on stronger rental growth and demand. Q2 earnings beat and guidance raise
• Neutral Sentiment: The company also declared a quarterly dividend of $1.97 per share, which is a modest shareholder-return update but not likely the main driver of today’s trading. Dividend announcement

Insider Buying and Selling at United Rentals

In other United Rentals news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction 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 approximately $14,227,362. This trade represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction dated 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 transaction, the senior vice president directly owned 5,738 shares of the company’s stock, valued at approximately $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on URI shares. Morgan Stanley set a $1,335.00 target price on shares of United Rentals and gave the stock an “overweight” rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of United Rentals from $1,100.00 to $1,235.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp reissued an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a research note on Friday. Finally, Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,226.50.

United Rentals Stock Up 0.0%

United Rentals stock opened at $1,140.19 on Friday. The firm has a market cap of $71.43 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.82 and a beta of 1.79. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,177.67. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a 50 day moving average price of $1,052.87 and a two-hundred day moving average price of $919.10.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the firm posted $10.47 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts predict that United Rentals, Inc. will post 46.85 EPS for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is presently 18.92%.

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.