United Rentals, Inc. (NYSE:URI) is Atwood & Palmer Inc.’s 10th Largest Position

Atwood & Palmer Inc. reduced its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,102 shares of the construction company’s stock after selling 535 shares during the quarter. United Rentals makes up about 2.5% of Atwood & Palmer Inc.’s holdings, making the stock its 10th biggest holding. Atwood & Palmer Inc. owned about 0.09% of United Rentals worth $35,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in United Rentals during the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. boosted its stake in United Rentals by 241.7% during the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company’s stock worth $29,000 after acquiring an additional 29 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in United Rentals in the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management bought a new position in shares of United Rentals during the fourth quarter valued at approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Up 0.1%

URI opened at $707.36 on Tuesday. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.43 and a beta of 1.70. The firm has a 50 day moving average price of $651.35 and a 200-day moving average price of $694.47. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last posted 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 company 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 company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $9.15 EPS. Equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group raised United Rentals from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Morgan Stanley raised United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 target price on the stock in a research note on Wednesday, April 16th. Evercore ISI lowered their price target on United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. Bank of America dropped their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Truist Financial raised their price objective on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $753.15.

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.