500 Shares in United Rentals, Inc. $URI Acquired by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC bought a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 500 shares of the construction company’s stock, valued at approximately $566,000.

Several other hedge funds have also bought and sold shares of the stock. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals during the 4th quarter valued at $28,000. MV Capital Management Inc. purchased a new position in United Rentals in the fourth quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new position in United Rentals in the fourth quarter worth $32,000. Hilton Head Capital Partners LLC bought a new position in United Rentals in the fourth quarter valued at $34,000. Finally, Frazier Financial Advisors LLC increased its stake in United Rentals by 33.3% in the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after acquiring an additional 14 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of NYSE:URI opened at $1,136.27 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $1,088.09 and a 200-day moving average price of $934.79. The company has a market cap of $70.72 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.80. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.

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

United Rentals Announces Dividend

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

Insider Activity

In related news, EVP William E. Grace sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the completion of the transaction, the executive vice president owned 6,062 shares in the company, valued at $6,869,155.30. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on URI. Barclays upped their price objective on United Rentals from $715.00 to $950.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Argus reissued a “buy” rating and set a $1,250.00 price objective on shares of United Rentals in a report on Tuesday, August 4th. Weiss Ratings upgraded United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a research note on Wednesday, June 10th. Finally, UBS Group lifted their price target on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $1,246.19.

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.