Wealth Enhancement Advisory Services LLC Purchases 1,028 Shares of United Rentals, Inc. $URI

Wealth Enhancement Advisory Services LLC boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 14.9% in the 4th quarter, HoldingsChannel reports. The firm owned 7,937 shares of the construction company’s stock after buying an additional 1,028 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in United Rentals were worth $7,080,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Woodline Partners LP raised its stake in shares of United Rentals by 40.0% in the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock valued at $3,458,000 after acquiring an additional 1,577 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in United Rentals during the 2nd quarter valued at $305,000. J.W. Cole Advisors Inc. increased its holdings in United Rentals by 363.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,107 shares of the construction company’s stock valued at $1,587,000 after purchasing an additional 1,652 shares in the last quarter. Quadrant Capital Group LLC raised its position in United Rentals by 29.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,726 shares of the construction company’s stock valued at $1,300,000 after purchasing an additional 395 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in United Rentals by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 65,978 shares of the construction company’s stock worth $49,708,000 after purchasing an additional 654 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

United Rentals Stock Down 1.1%

Shares of NYSE URI opened at $733.75 on Friday. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $1,021.47. The firm’s 50-day moving average is $831.19 and its 200-day moving average is $865.35. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $46.15 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $11.09 earnings per share for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the firm earned $11.59 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals declared that its board has authorized a stock buyback plan on Wednesday, January 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

United Rentals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 1.1%. This is an increase from United Rentals’s previous quarterly dividend of $1.79. The ex-dividend date was Wednesday, February 11th. United Rentals’s dividend payout ratio (DPR) is 20.37%.

Insider Activity

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $790.89, for a total value of $1,184,753.22. Following the completion of the sale, the executive vice president owned 6,872 shares of the company’s stock, valued at approximately $5,434,996.08. This represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 2,490 shares of United Rentals stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the transaction, the executive vice president directly owned 7,458 shares in the company, valued at approximately $5,900,322.12. This represents a 25.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.53% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URI. Truist Financial set a $972.00 target price on United Rentals in a research note on Friday, January 30th. Robert W. Baird set a $970.00 target price on shares of United Rentals in a research report on Friday, January 30th. KeyCorp set a $950.00 price target on shares of United Rentals in a research note on Friday, January 30th. UBS Group upgraded shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective for the company in a research report on Sunday, January 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Rentals in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $925.59.

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.