RWA Wealth Partners LLC Makes New $426,000 Investment in United Rentals, Inc. (NYSE:URI)

RWA Wealth Partners LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 743 shares of the construction company’s stock, valued at approximately $426,000.

Several other hedge funds also recently modified their holdings of URI. Ballentine Partners LLC lifted its holdings in United Rentals by 2.1% in the fourth quarter. Ballentine Partners LLC now owns 889 shares of the construction company’s stock valued at $510,000 after buying an additional 18 shares during the period. DGS Capital Management LLC lifted its stake in shares of United Rentals by 1.3% in the 4th quarter. DGS Capital Management LLC now owns 1,441 shares of the construction company’s stock valued at $827,000 after purchasing an additional 18 shares during the period. Oak Ridge Investments LLC boosted its position in shares of United Rentals by 0.3% in the 4th quarter. Oak Ridge Investments LLC now owns 5,816 shares of the construction company’s stock worth $3,335,000 after purchasing an additional 20 shares during the last quarter. Caprock Group LLC grew its stake in shares of United Rentals by 2.3% during the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock worth $516,000 after purchasing an additional 20 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Activity

In other United Rentals news, CFO William E. Grace sold 775 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $655.62, for a total transaction of $508,105.50. Following the sale, the chief financial officer now directly owns 6,323 shares of the company’s stock, valued at $4,145,485.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on United Rentals from $322.00 to $559.00 and gave the stock an “underperform” rating in a research report on Friday, January 26th. BNP Paribas restated an “underperform” rating and set a $485.00 price objective on shares of United Rentals in a report on Friday, January 5th. The Goldman Sachs Group increased their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Barclays boosted their price target on shares of United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Finally, Evercore ISI raised their price objective on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $589.21.

United Rentals Stock Up 5.5 %

URI stock opened at $690.92 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.81 and a quick ratio of 0.75. The stock has a market capitalization of $46.41 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.27 and a beta of 1.84. United Rentals, Inc. has a fifty-two week low of $325.15 and a fifty-two week high of $732.37. The business has a 50-day moving average of $680.37 and a 200-day moving average of $576.87.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.85% and a net margin of 17.31%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the business earned $7.95 earnings per share. United Rentals’s quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.13 earnings per share for the current fiscal year.

United Rentals announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, May 7th. United Rentals’s dividend payout ratio is currently 17.66%.

About United Rentals

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.