New England Research & Management Inc. Boosts Stock Holdings in United Rentals, Inc. (NYSE:URI)

New England Research & Management Inc. boosted its position in shares of United Rentals, Inc. (NYSE:URI) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,745 shares of the construction company’s stock after purchasing an additional 890 shares during the period. United Rentals comprises 2.8% of New England Research & Management Inc.’s holdings, making the stock its 4th largest position. New England Research & Management Inc.’s holdings in United Rentals were worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. boosted its holdings in United Rentals by 1.8% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 814 shares of the construction company’s stock worth $573,000 after buying an additional 14 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of United Rentals by 1.8% during the 4th quarter. Valmark Advisers Inc. now owns 788 shares of the construction company’s stock worth $555,000 after acquiring an additional 14 shares during the last quarter. Erste Asset Management GmbH lifted its stake in United Rentals by 0.5% during the fourth quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company’s stock worth $2,002,000 after purchasing an additional 14 shares during the last quarter. Forum Financial Management LP boosted its stake in United Rentals by 1.9% in the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company’s stock worth $528,000 after buying an additional 14 shares in the last quarter. Finally, Klingman & Associates LLC boosted its stake in shares of United Rentals by 2.3% in the 4th quarter. Klingman & Associates LLC now owns 669 shares of the construction company’s stock valued at $471,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction that occurred 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 directly owns 1,921 shares of the company’s stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value 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. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on URI shares. Redburn Atlantic cut United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target on the stock. in a research note on Friday. The Goldman Sachs Group upped their price target on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Morgan Stanley upgraded United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target on the stock in a research note on Wednesday, April 16th. Truist Financial raised their price target on shares of United Rentals from $732.00 to $786.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Finally, Citigroup decreased their target price on United Rentals from $720.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average target price of $753.64.

United Rentals Trading Down 3.0%

United Rentals stock opened at $695.09 on Friday. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.43 and a beta of 1.70. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The firm has a 50 day moving average of $662.96 and a 200 day moving average of $692.54. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $9.15 EPS. The business’s revenue was up 6.7% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Wednesday, May 14th. United Rentals’s dividend payout ratio (DPR) 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.