Wealth Science Advisors LLC Grows Holdings in United Rentals, Inc. $URI

Wealth Science Advisors LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 255.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 929 shares of the construction company’s stock after purchasing an additional 668 shares during the period. Wealth Science Advisors LLC’s holdings in United Rentals were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of United Rentals in the fourth quarter valued at approximately $978,017,000. Corient Private Wealth LLC increased its position in shares of United Rentals by 1,667.4% during the fourth quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock valued at $278,378,000 after acquiring an additional 324,503 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in United Rentals by 3,459.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,688 shares of the construction company’s stock worth $159,184,000 after acquiring an additional 191,162 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in United Rentals during the fourth quarter worth $102,945,000. Finally, Victory Capital Management Inc. boosted its position in United Rentals by 103.7% in the fourth quarter. Victory Capital Management Inc. now owns 231,018 shares of the construction company’s stock worth $186,967,000 after purchasing an additional 117,584 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of a number of recent analyst reports. Citigroup upped their price objective on United Rentals from $1,270.00 to $1,330.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Barclays boosted their price target on shares of United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Argus restated a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a research report on Tuesday, August 4th. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 price objective for the company in a report on Monday, June 29th. Finally, Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

United Rentals Stock Performance

NYSE:URI opened at $1,162.37 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70. The business has a fifty day simple moving average of $1,085.32 and a two-hundred day simple moving average of $933.12. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The company has a market capitalization of $72.35 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.50 and a beta of 1.80.

United Rentals (NYSE:URI) last issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the company posted $10.47 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. On average, analysts expect that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

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

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

United Rentals Company 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.