Stonehage Fleming Financial Services Holdings Ltd Takes Position in United Rentals, Inc. $URI

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,615 shares of the construction company’s stock, valued at approximately $1,830,000.

A number of other institutional investors have also added to or reduced their stakes in the company. PFG Investments LLC increased its stake in United Rentals by 0.9% during the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock valued at $854,000 after acquiring an additional 11 shares during the period. CoreCap Advisors LLC lifted its position in shares of United Rentals by 16.9% in the 2nd quarter. CoreCap Advisors LLC now owns 76 shares of the construction company’s stock worth $86,000 after acquiring an additional 11 shares during the period. Great Valley Advisor Group Inc. lifted its position in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after acquiring an additional 11 shares during the period. Legacy Financial Advisors Inc. grew its holdings in shares of United Rentals by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 322 shares of the construction company’s stock worth $260,000 after purchasing an additional 12 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its holdings in shares of United Rentals by 2.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 605 shares of the construction company’s stock worth $441,000 after purchasing an additional 12 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent research reports. Bank of America upped their target price on United Rentals from $1,195.00 to $1,300.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Truist Financial lifted their price target on shares of United Rentals from $1,421.00 to $1,466.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Evercore restated an “outperform” rating and issued a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Finally, UBS Group raised their price objective on shares of United Rentals from $1,300.00 to $1,350.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

United Rentals Trading Down 1.8%

URI stock opened at $1,038.12 on Friday. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,179.18. 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 business’s 50 day moving average is $1,098.25 and its 200-day moving average is $956.65. The firm has a market cap of $64.61 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.36 and a beta of 1.80.

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

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

Insider Activity

In other news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company’s stock.

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.