United Rentals, Inc. (NYSE:URI) Shares Acquired by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,259 shares of the construction company’s stock after purchasing an additional 49 shares during the period. Burns J W & Co. Inc. NY’s holdings in United Rentals were worth $7,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Research Global Investors lifted its stake in shares of United Rentals by 39.1% during the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after buying an additional 1,799,997 shares during the period. Norges Bank purchased a new position in United Rentals in the fourth quarter valued at $977,443,000. Dimensional Fund Advisors LP grew its position in shares of United Rentals by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock valued at $714,578,000 after acquiring an additional 56,948 shares during the period. International Assets Investment Management LLC increased its stake in shares of United Rentals by 58,829.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock valued at $598,106,000 after purchasing an additional 1,041,281 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in United Rentals by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 650,387 shares of the construction company’s stock worth $372,945,000 after purchasing an additional 11,429 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

United Rentals Stock Up 3.8 %

Shares of URI stock traded up $23.69 during trading hours on Friday, reaching $646.73. 820,126 shares of the stock were exchanged, compared to its average volume of 637,801. The firm has a market capitalization of $43.07 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.02 and a beta of 1.75. The business’s fifty day moving average is $660.38 and its two-hundred day moving average is $644.07. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $732.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83.

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

United Rentals Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

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.