HCR Wealth Advisors Raises Position in United Rentals, Inc. (NYSE:URI)

HCR Wealth Advisors lifted its stake in United Rentals, Inc. (NYSE:URI) by 86.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 592 shares of the construction company’s stock after purchasing an additional 275 shares during the quarter. HCR Wealth Advisors’ holdings in United Rentals were worth $383,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Capital Research Global Investors raised its position in United Rentals by 39.1% in the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after purchasing an additional 1,799,997 shares during the period. Norges Bank purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $977,443,000. Capital International Investors purchased a new stake in shares of United Rentals in the first quarter worth approximately $332,349,000. AMF Tjanstepension AB lifted its stake in shares of United Rentals by 77.7% during the 2nd quarter. AMF Tjanstepension AB now owns 457,056 shares of the construction company’s stock worth $295,626,000 after acquiring an additional 199,810 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its holdings in United Rentals by 15,100.8% during the 1st quarter. Heritage Wealth Advisors now owns 100,781 shares of the construction company’s stock valued at $72,674,000 after acquiring an additional 100,118 shares during the period. Institutional investors own 96.26% of the company’s stock.

Insider Transactions at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.53% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $681.10 on Monday. The stock’s 50-day moving average is $703.72 and its 200 day moving average is $683.08. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $789.80. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market cap of $45.05 billion, a P/E ratio of 18.45, a PEG ratio of 1.57 and a beta of 1.68.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share (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 for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm earned $9.88 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts predict that United Rentals, Inc. will post 44.5 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.96%. United Rentals’s dividend payout ratio is presently 17.66%.

Analyst Ratings Changes

A number of analysts have weighed in on URI shares. The Goldman Sachs Group increased their target price on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Truist Financial lifted their price target on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Raymond James started coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective on the stock. Finally, 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 target price for the company. Three 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $675.15.

About United Rentals

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.