Foundations Investment Advisors LLC Has $299,000 Stake in United Rentals, Inc. (NYSE:URI)

Posted by Defense World Staff on Mar 21st, 2023

Foundations Investment Advisors LLC trimmed its stake in shares of United Rentals, Inc. (NYSE:URI – Get Rating) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 841 shares of the construction company’s stock after selling 137 shares during the period. Foundations Investment Advisors LLC’s holdings in United Rentals were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in URI. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of United Rentals by 7,691.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,506 shares of the construction company’s stock worth $1,245,000 after acquiring an additional 3,461 shares during the period. Raymond James Trust N.A. increased its stake in United Rentals by 14.6% in the 1st quarter. Raymond James Trust N.A. now owns 2,296 shares of the construction company’s stock valued at $815,000 after buying an additional 293 shares during the last quarter. Cibc World Market Inc. increased its stake in United Rentals by 16.8% in the 1st quarter. Cibc World Market Inc. now owns 7,941 shares of the construction company’s stock valued at $2,821,000 after buying an additional 1,140 shares during the last quarter. Sei Investments Co. increased its stake in United Rentals by 50.1% in the 1st quarter. Sei Investments Co. now owns 1,914 shares of the construction company’s stock valued at $678,000 after buying an additional 639 shares during the last quarter. Finally, Prudential PLC acquired a new stake in United Rentals in the 1st quarter valued at $560,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of United Rentals from $380.00 to $436.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. Wells Fargo & Company lifted their price objective on shares of United Rentals from $435.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. Barclays lifted their price objective on shares of United Rentals from $300.00 to $350.00 and gave the company an “underweight” rating in a research report on Friday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of United Rentals from $341.00 to $399.00 and gave the company a “hold” rating in a research report on Friday, January 27th. Finally, StockNews.com began coverage on shares of United Rentals in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $440.46.

United Rentals Stock Performance

Shares of URI stock opened at $378.45 on Tuesday. The company has a market capitalization of $26.23 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.54 and a beta of 1.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.02 and a current ratio of 1.11. The company has a 50-day simple moving average of $432.02 and a 200 day simple moving average of $360.67. United Rentals, Inc. has a 52 week low of $230.54 and a 52 week high of $481.99.

United Rentals (NYSE:URI – Get Rating) last announced its earnings results on Wednesday, January 25th. The construction company reported $9.74 EPS for the quarter, missing the consensus estimate of $10.12 by ($0.38). The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. United Rentals had a return on equity of 36.12% and a net margin of 18.08%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm posted $7.39 EPS. On average, sell-side analysts predict that United Rentals, Inc. will post 41.69 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Tuesday, February 7th. United Rentals’s dividend payout ratio is currently 4.97%.

Insider Buying and Selling at United Rentals

In other United Rentals news, COO Dale A. Asplund sold 13,392 shares of the business’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $436.26, for a total value of $5,842,393.92. Following the completion of the sale, the chief operating officer now owns 19,229 shares of the company’s stock, valued at approximately $8,388,843.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Matthew John Flannery sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $477.99, for a total value of $5,735,880.00. Following the completion of the transaction, the chief executive officer now directly owns 101,276 shares in the company, valued at approximately $48,408,915.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Dale A. Asplund sold 13,392 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $436.26, for a total transaction of $5,842,393.92. Following the completion of the transaction, the chief operating officer now owns 19,229 shares of the company’s stock, valued at $8,388,843.54. The disclosure for this sale can be found here. Insiders sold 30,672 shares of company stock valued at $13,871,422 in the last quarter. Company insiders own 0.53% of the company’s stock.

United Rentals Company Profile

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United Rentals, Inc engages in the equipment rental business. It operates through the General Rentals and Specialty segments. The General Rentals segment includes the rental of construction, aerial and industrial equipment, general tools and light equipment, and related services and activities. The Specialty segment focuses on the rental of specialty construction products such as trench safety equipment, power and HVAC equipment, fluid solutions equipment, mobile storage equipment and modular office space.