180 Wealth Advisors LLC Buys 526 Shares of United Rentals, Inc. (NYSE:URI)

Posted by Defense World Staff on Jun 20th, 2023

180 Wealth Advisors LLC boosted its stake in United Rentals, Inc. (NYSE:URI – Get Rating) by 48.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,610 shares of the construction company’s stock after acquiring an additional 526 shares during the period. 180 Wealth Advisors LLC’s holdings in United Rentals were worth $637,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MUFG Americas Holdings Corp boosted its holdings in shares of United Rentals by 1,900.0% during the 3rd quarter. MUFG Americas Holdings Corp now owns 100 shares of the construction company’s stock worth $27,000 after buying an additional 95 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of United Rentals during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of United Rentals by 44.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 84 shares of the construction company’s stock worth $30,000 after buying an additional 26 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of United Rentals by 62.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 86 shares of the construction company’s stock worth $31,000 after buying an additional 33 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of United Rentals by 86.3% during the 4th quarter. AdvisorNet Financial Inc now owns 95 shares of the construction company’s stock worth $34,000 after buying an additional 44 shares in the last quarter. 91.46% of the stock is currently owned by institutional investors.

United Rentals Stock Down 1.7 %

United Rentals stock opened at $403.09 on Tuesday. United Rentals, Inc. has a fifty-two week low of $230.54 and a fifty-two week high of $481.99. The stock has a market cap of $27.70 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The firm’s 50-day simple moving average is $362.71 and its 200 day simple moving average is $387.52. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.05 and a current ratio of 1.15.

United Rentals (NYSE:URI – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The construction company reported $7.95 earnings per share for the quarter, missing the consensus estimate of $8.12 by ($0.17). United Rentals had a return on equity of 36.77% and a net margin of 17.65%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the firm posted $5.73 earnings per share. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 39.7 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, May 9th. United Rentals’s dividend payout ratio (DPR) is presently 18.99%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup cut their price target on United Rentals from $500.00 to $450.00 in a report on Tuesday, April 18th. StockNews.com assumed coverage on United Rentals in a report on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley lowered their target price on United Rentals from $441.00 to $435.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 20th. Robert W. Baird lowered United Rentals from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $425.00 to $300.00 in a research report on Monday, March 27th. Finally, KeyCorp lowered their target price on United Rentals from $515.00 to $475.00 in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $421.08.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 725 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $359.63, for a total value of $260,731.75. Following the transaction, the chief financial officer now directly owns 6,520 shares in the company, valued at $2,344,787.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

About United Rentals

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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.