NBC Securities Inc. Makes New Investment in United Rentals, Inc. (NYSE:URI)

NBC Securities Inc. acquired a new position in United Rentals, Inc. (NYSE:URI) in the first quarter, HoldingsChannel reports. The institutional investor acquired 65 shares of the construction company’s stock, valued at approximately $40,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after purchasing an additional 6,787 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of United Rentals during the fourth quarter valued at $649,000. Penobscot Investment Management Company Inc. boosted its holdings in shares of United Rentals by 35.1% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock valued at $2,898,000 after acquiring an additional 1,068 shares during the period. TigerOak Management L.L.C. acquired a new position in shares of United Rentals during the fourth quarter valued at $1,374,000. Finally, US Bancorp DE boosted its holdings in shares of United Rentals by 2.2% during the fourth quarter. US Bancorp DE now owns 21,321 shares of the construction company’s stock valued at $15,019,000 after acquiring an additional 462 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on URI shares. JPMorgan Chase & Co. boosted their price target on shares of United Rentals from $780.00 to $920.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Robert W. Baird boosted their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Bank of America reduced their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a report on Friday, March 21st. The Goldman Sachs Group boosted their price target on shares of United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Truist Financial boosted their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $753.15.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company’s stock, valued at $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

United Rentals stock opened at $716.33 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a fifty day moving average price of $660.07 and a two-hundred day moving average price of $693.77. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The firm has a market capitalization of $46.56 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. United Rentals’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.15 EPS. As a group, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Wednesday, May 14th. United Rentals’s dividend payout ratio is currently 18.54%.

United Rentals Company Profile

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.