Integrated Advisors Network LLC Raises Position in United Rentals, Inc. $URI

Integrated Advisors Network LLC increased its stake in United Rentals, Inc. (NYSE:URI) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,201 shares of the construction company’s stock after purchasing an additional 2,881 shares during the quarter. United Rentals makes up approximately 0.7% of Integrated Advisors Network LLC’s portfolio, making the stock its 25th biggest holding. Integrated Advisors Network LLC’s holdings in United Rentals were worth $17,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of United Rentals in the second quarter valued at $776,102,000. JPMorgan Chase & Co. grew its stake in shares of United Rentals by 71.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,874,127 shares of the construction company’s stock worth $1,411,968,000 after acquiring an additional 780,322 shares during the period. Boston Partners increased its holdings in United Rentals by 74.5% in the 2nd quarter. Boston Partners now owns 715,250 shares of the construction company’s stock worth $542,526,000 after acquiring an additional 305,378 shares during the last quarter. TD Asset Management Inc raised its stake in United Rentals by 66.5% in the 3rd quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after acquiring an additional 193,416 shares during the period. Finally, Lazard Asset Management LLC raised its stake in United Rentals by 34,208.2% in the 2nd quarter. Lazard Asset Management LLC now owns 189,038 shares of the construction company’s stock valued at $142,421,000 after acquiring an additional 188,487 shares during the period. 96.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on URI. KeyCorp set a $950.00 target price on shares of United Rentals in a research report on Friday, January 30th. Truist Financial set a $972.00 price objective on shares of United Rentals in a report 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 note on Sunday, January 4th. Wells Fargo & Company boosted their target price on shares of United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Sanford C. Bernstein set a $965.00 price target on United Rentals in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus price target of $925.59.

Insider Transactions at United Rentals

In other United Rentals news, EVP William E. Grace sold 1,498 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total value of $1,184,753.22. Following the sale, the executive vice president owned 6,872 shares of the company’s stock, valued at $5,434,996.08. This trade represents a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael D. Durand sold 2,490 shares of United Rentals stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $791.14, for a total value of $1,969,938.60. Following the sale, the executive vice president owned 7,458 shares of the company’s stock, valued at approximately $5,900,322.12. This trade represents a 25.03% decrease in their position. The SEC filing for this sale provides additional information. 0.53% of the stock is owned by corporate insiders.

United Rentals Stock Performance

United Rentals stock opened at $857.68 on Friday. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $1,021.47. 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 $54.03 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.70. The firm’s 50 day simple moving average is $871.30 and its 200 day simple moving average is $889.74.

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

United Rentals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $1.97 per share. The ex-dividend date was Wednesday, February 11th. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 annualized dividend and a yield of 0.9%. United Rentals’s dividend payout ratio (DPR) is presently 20.37%.

United Rentals declared that its Board of Directors has approved a share buyback program on Wednesday, January 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.