New England Research & Management Inc. Purchases 25 Shares of United Rentals, Inc. (NYSE:URI)

New England Research & Management Inc. boosted its position in United Rentals, Inc. (NYSE:URI) by 0.4% during the 1st quarter, Holdings Channel reports. The fund owned 6,785 shares of the construction company’s stock after acquiring an additional 25 shares during the quarter. United Rentals makes up 2.4% of New England Research & Management Inc.’s portfolio, making the stock its 5th biggest holding. New England Research & Management Inc.’s holdings in United Rentals were worth $4,893,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Financial Corp IN acquired a new stake in United Rentals during the first quarter worth approximately $25,000. AdvisorNet Financial Inc raised its holdings in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after purchasing an additional 20 shares in the last quarter. Rise Advisors LLC acquired a new stake in United Rentals during the first quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in United Rentals during the first quarter worth approximately $31,000. Finally, Private Wealth Management Group LLC acquired a new stake in United Rentals during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Transactions at United Rentals

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. The Goldman Sachs Group raised their target price on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price on the stock. Citigroup assumed coverage on shares of United Rentals in a research report on Wednesday. They set a “buy” rating and a $745.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $638.40.

United Rentals Price Performance

United Rentals stock opened at $646.73 on Friday. United Rentals, Inc. has a one year low of $387.01 and a one year high of $732.37. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The business has a fifty day moving average of $660.38 and a two-hundred day moving average of $644.07. The company has a market cap of $43.07 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.02 and a beta of 1.75.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company earned $7.95 earnings per share. United Rentals’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that United Rentals, Inc. will post 43.87 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

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.