NorthRock Partners LLC Purchases 73 Shares of United Rentals, Inc. (NYSE:URI)

NorthRock Partners LLC increased its position in shares of United Rentals, Inc. (NYSE:URI) by 10.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 745 shares of the construction company’s stock after buying an additional 73 shares during the quarter. NorthRock Partners LLC’s holdings in United Rentals were worth $537,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors raised its holdings in shares of United Rentals by 39.1% in the fourth quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock valued at $3,669,806,000 after purchasing an additional 1,799,997 shares during the last quarter. Norges Bank bought a new position in United Rentals in the fourth quarter valued at $977,443,000. International Assets Investment Management LLC increased its stake in 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 buying an additional 1,041,281 shares during the last quarter. AMF Tjanstepension AB lifted its position in United Rentals by 59.9% during the 1st quarter. AMF Tjanstepension AB now owns 257,246 shares of the construction company’s stock worth $185,539,000 after buying an additional 96,323 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of United Rentals by 4.8% in 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 in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Performance

NYSE URI traded up $11.44 on Tuesday, reaching $718.85. The stock had a trading volume of 22,993 shares, compared to its average volume of 567,141. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year 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. The company has a market cap of $47.87 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.24 and a beta of 1.71. The firm has a fifty day moving average of $656.68 and a two-hundred day moving average of $652.16.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating the consensus estimate of $8.35 by $0.80. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the company posted $7.95 earnings per share. United Rentals’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that United Rentals, Inc. will post 43.76 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a $1.63 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.91%. United Rentals’s payout ratio is 17.66%.

Insider Activity at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of United Rentals 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 completion of the transaction, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the firm’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 transaction, 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 SEC, which is available through this link. Also, COO Michael D. Durand sold 559 shares of the company’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 transaction of $377,079.04. Following the sale, 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. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on URI. Raymond James started coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 target price on the stock. The Goldman Sachs Group increased their price objective on United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer restated a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Truist Financial decreased their price objective on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of United Rentals in a report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $637.67.

United Rentals 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.