Atlantic Edge Private Wealth Management LLC Acquires 20 Shares of United Rentals, Inc. (NYSE:URI)

Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,336 shares of the construction company’s stock after buying an additional 20 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in United Rentals were worth $2,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of URI. Erste Asset Management GmbH lifted its position in shares of United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after acquiring an additional 14 shares in the last quarter. Forum Financial Management LP raised its stake in shares of United Rentals by 1.9% during the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock valued at $528,000 after purchasing an additional 14 shares during the period. Centaurus Financial Inc. lifted its holdings in United Rentals by 1.7% during the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company’s stock worth $704,000 after purchasing an additional 17 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company’s stock valued at $307,000 after buying an additional 19 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in United Rentals by 3.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 568 shares of the construction company’s stock valued at $400,000 after buying an additional 20 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Trading Down 0.4%

Shares of URI opened at $784.50 on Friday. The stock has a market capitalization of $50.99 billion, a P/E ratio of 20.31, a PEG ratio of 1.94 and a beta of 1.69. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The firm has a fifty day simple moving average of $705.94 and a two-hundred day simple moving average of $683.00.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $9.15 earnings per share. On average, research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 annualized dividend and a dividend yield of 0.91%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Insider Activity at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president directly owned 8,748 shares of the company’s stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president owned 1,921 shares in the company, valued at $1,355,957.06. This represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on URI shares. Robert W. Baird raised their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. UBS Group upgraded United Rentals from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. The Goldman Sachs Group upped their target price on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Finally, Evercore ISI dropped their price target on United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $766.23.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.