United Rentals, Inc. (NYSE:URI) Stake Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its stake in shares of United Rentals, Inc. (NYSE:URIGet Rating) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 851 shares of the construction company’s stock after purchasing an additional 47 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in United Rentals were worth $302,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co bought a new position in shares of United Rentals during the first quarter valued at approximately $25,000. Jackson Grant Investment Advisers Inc. bought a new position in shares of United Rentals during the first quarter valued at approximately $32,000. Psagot Value Holdings Ltd. Israel bought a new position in shares of United Rentals during the first quarter valued at approximately $32,000. Quent Capital LLC bought a new position in shares of United Rentals during the fourth quarter valued at approximately $35,000. Finally, HBC Financial Services PLLC acquired a new position in shares of United Rentals during the first quarter worth approximately $32,000. 90.41% of the stock is owned by institutional investors.

United Rentals Trading Down 1.9 %

NYSE URI opened at $289.76 on Wednesday. United Rentals, Inc. has a 1-year low of $230.54 and a 1-year high of $414.99. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $20.28 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.92. The firm’s fifty day simple moving average is $300.49 and its 200-day simple moving average is $300.20.

United Rentals (NYSE:URIGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The construction company reported $7.86 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $1.29. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. United Rentals had a net margin of 16.41% and a return on equity of 33.79%. United Rentals’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.66 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 31.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Andrew B. Limoges sold 308 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $333.24, for a total value of $102,637.92. Following the completion of the sale, the vice president now directly owns 2,070 shares in the company, valued at $689,806.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jessica Graziano sold 977 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $325.00, for a total value of $317,525.00. Following the completion of the sale, the chief financial officer now directly owns 21,587 shares in the company, valued at $7,015,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 308 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $333.24, for a total transaction of $102,637.92. Following the sale, the vice president now owns 2,070 shares of the company’s stock, valued at $689,806.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,361 shares of company stock worth $6,142,963. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

URI has been the subject of several analyst reports. KeyCorp boosted their price objective on United Rentals from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. OTR Global downgraded United Rentals to a “positive” rating in a research report on Wednesday, June 22nd. Citigroup boosted their price objective on United Rentals to $375.00 in a research report on Tuesday, August 9th. Robert W. Baird boosted their price objective on United Rentals from $247.00 to $312.00 in a research report on Thursday, July 28th. Finally, StockNews.com upgraded United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Hold” and a consensus target price of $360.82.

United Rentals Profile

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United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.

Further Reading

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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