SFE Investment Counsel Has $4.39 Million Stake in United Rentals, Inc. (NYSE:URI)

SFE Investment Counsel lifted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,789 shares of the construction company’s stock after purchasing an additional 123 shares during the quarter. SFE Investment Counsel’s holdings in United Rentals were worth $4,391,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its stake in United Rentals by 2.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,819 shares of the construction company’s stock valued at $1,043,000 after acquiring an additional 49 shares in the last quarter. Precision Wealth Strategies LLC bought a new stake in shares of United Rentals in the fourth quarter worth $227,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of United Rentals by 1,780.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 376 shares of the construction company’s stock worth $215,000 after purchasing an additional 356 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in United Rentals during the fourth quarter worth $604,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in United Rentals by 10.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 615 shares of the construction company’s stock valued at $353,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

United Rentals stock opened at $680.99 on Friday. The stock’s 50 day moving average price is $703.72 and its two-hundred day moving average price is $682.54. The stock has a market capitalization of $45.04 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.62 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. United Rentals, Inc. has a 52-week low of $387.01 and a 52-week high of $789.80.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $9.88 EPS. On average, equities analysts predict that United Rentals, Inc. will post 44.5 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial increased their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price target on United Rentals from $790.00 to $905.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. assumed coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 price target on the stock. Raymond James initiated coverage on United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Finally, Evercore ISI boosted their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $675.15.

Insider Activity at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total transaction of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.