Sargent Investment Group LLC Invests $497,000 in United Rentals, Inc. $URI

Sargent Investment Group LLC purchased a new position in United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 614 shares of the construction company’s stock, valued at approximately $497,000.

Several other large investors have also recently modified their holdings of URI. Aventura Private Wealth LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $27,000. Core Wealth Advisors LLC purchased a new position in shares of United Rentals in the 4th quarter worth about $28,000. Abich Financial Wealth Management LLC purchased a new position in shares of United Rentals in the 3rd quarter worth about $29,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals in the 4th quarter worth about $32,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Up 0.8%

United Rentals stock opened at $1,082.43 on Tuesday. The stock has a market cap of $67.81 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80. United Rentals, Inc. has a one year low of $682.08 and a one year high of $1,106.88. The stock has a fifty day moving average of $927.44 and a 200 day moving average of $864.50.

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 analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $8.86 EPS. As a group, sell-side analysts predict that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, May 13th. United Rentals’s dividend payout ratio is 20.10%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. Robert W. Baird upped their price target on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,275.00 price target on shares of United Rentals in a report on Wednesday, June 10th. Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada upped their price target on United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,045.81.

Insider Transactions at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the company’s 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 sale, the vice president owned 1,865 shares in the company, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joli L. Gross sold 306 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the sale, the senior vice president 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,088 shares of company stock worth $25,628,877 in the last three months. 0.47% of the stock is owned by insiders.

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.