Baldwin Wealth Partners LLC MA Has $22.80 Million Stake in United Rentals, Inc. (NYSE:URI)

Baldwin Wealth Partners LLC MA grew its stake in United Rentals, Inc. (NYSE:URI) by 2.1% during the first quarter, HoldingsChannel reports. The firm owned 36,372 shares of the construction company’s stock after buying an additional 763 shares during the quarter. United Rentals accounts for about 1.6% of Baldwin Wealth Partners LLC MA’s investment portfolio, making the stock its 17th largest holding. Baldwin Wealth Partners LLC MA’s holdings in United Rentals were worth $22,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock valued at $313,627,000 after buying an additional 6,787 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of United Rentals in the 4th quarter valued at $649,000. Penobscot Investment Management Company Inc. increased its stake in shares of United Rentals by 35.1% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock valued at $2,898,000 after acquiring an additional 1,068 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of United Rentals by 8.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,813 shares of the construction company’s stock valued at $5,504,000 after acquiring an additional 596 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in United Rentals by 20.5% during the 4th quarter. Empowered Funds LLC now owns 6,137 shares of the construction company’s stock valued at $4,323,000 after purchasing an additional 1,045 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Andrew B. Limoges sold 708 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. 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

A number of equities analysts have issued reports on the stock. UBS Group raised shares of United Rentals from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $485.00 to $780.00 in a report on Friday, May 16th. Cfra Research raised shares of United Rentals to a “strong-buy” rating in a report on Friday, April 25th. Evercore ISI decreased their price objective on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating on the stock in a research report on Monday, May 19th. Morgan Stanley upgraded shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $753.15.

United Rentals Stock Performance

Shares of United Rentals stock opened at $707.02 on Monday. The company has a market capitalization of $45.96 billion, a PE ratio of 18.25, a P/E/G ratio of 1.43 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a 50-day simple moving average of $650.15 and a two-hundred day simple moving average of $695.46. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.15 earnings per share. Research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.01%. United Rentals’s dividend payout ratio is presently 18.54%.

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.