SVB Wealth LLC Has $6.65 Million Stock Holdings in United Rentals, Inc. (NYSE:URI)

SVB Wealth LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,225 shares of the construction company’s stock after acquiring an additional 772 shares during the quarter. SVB Wealth LLC’s holdings in United Rentals were worth $6,652,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC raised its position in shares of United Rentals by 9.0% in the fourth quarter. Procyon Advisors LLC now owns 716 shares of the construction company’s stock valued at $410,000 after purchasing an additional 59 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of United Rentals by 10.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 512 shares of the construction company’s stock valued at $277,000 after purchasing an additional 50 shares during the period. Caprock Group LLC raised its position in shares of United Rentals by 2.3% in the fourth quarter. Caprock Group LLC now owns 900 shares of the construction company’s stock valued at $516,000 after purchasing an additional 20 shares during the period. Gradient Investments LLC raised its position in shares of United Rentals by 0.6% in the fourth quarter. Gradient Investments LLC now owns 27,310 shares of the construction company’s stock valued at $15,660,000 after purchasing an additional 169 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of United Rentals by 31.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 634 shares of the construction company’s stock valued at $363,000 after purchasing an additional 152 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on URI. Citigroup initiated coverage on shares of United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. The Goldman Sachs Group upped their target price on shares of United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer reiterated a “market perform” rating on shares of United Rentals in a research note on Monday, April 29th. Finally, Raymond James began coverage on shares of United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 target price for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $670.92.

Insiders Place Their Bets

In other United Rentals news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other United Rentals news, COO Michael D. Durand sold 559 shares of United Rentals stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of United Rentals stock traded down $7.40 during midday trading on Monday, reaching $744.81. The company had a trading volume of 391,106 shares, compared to its average volume of 585,169. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $49.26 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.23 and a beta of 1.71. The stock has a fifty day simple moving average of $664.83 and a 200 day simple moving average of $663.56. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $789.80.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, July 24th. The construction company reported $10.70 EPS for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the business earned $9.88 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.04 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, August 14th. United Rentals’s dividend payout ratio is presently 17.66%.

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.