United Rentals, Inc. (NYSE:URI) Stock Position Lifted by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its position in United Rentals, Inc. (NYSE:URIFree Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,542 shares of the construction company’s stock after acquiring an additional 237 shares during the quarter. Rafferty Asset Management LLC’s holdings in United Rentals were worth $3,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in URI. AdvisorNet Financial Inc boosted its stake 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 acquiring an additional 20 shares during the period. NBC Securities Inc. acquired a new position in United Rentals during the 3rd quarter valued at approximately $29,000. Private Wealth Management Group LLC bought a new position in United Rentals during the 4th quarter worth $34,000. Larson Financial Group LLC lifted its stake in United Rentals by 1,525.0% in the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in United Rentals in the third quarter valued at $40,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Michael D. Durand sold 559 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on URI. The Goldman Sachs Group boosted their target price on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Stifel Nicolaus lifted their target price on United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Evercore ISI increased their price target on United Rentals from $575.00 to $740.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research note on Friday. They set an “overweight” rating and a $780.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and a consensus price target of $612.73.

Check Out Our Latest Analysis on URI

United Rentals Price Performance

Shares of URI opened at $643.40 on Friday. The business’s 50-day moving average is $675.07 and its 200-day moving average is $626.53. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market capitalization of $42.84 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.05 and a beta of 1.75. United Rentals, Inc. has a fifty-two week low of $382.24 and a fifty-two week high of $732.37.

United Rentals (NYSE:URIGet Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm earned $7.95 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that United Rentals, Inc. will post 43.61 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, May 7th. United Rentals’s dividend payout ratio (DPR) is presently 17.66%.

United Rentals Profile

(Free Report)

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.

See Also

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

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