Wealth Enhancement Advisory Services LLC Has $7.08 Million Holdings in United Rentals, Inc. $URI

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United Rentals, Inc. (NYSE:URI) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,937 shares of the construction company’s stock after buying an additional 1,028 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in United Rentals were worth $7,080,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Capital International Investors raised its stake in shares of United Rentals by 22.8% in the 3rd quarter. Capital International Investors now owns 3,402,524 shares of the construction company’s stock valued at $3,247,762,000 after acquiring an additional 631,484 shares in the last quarter. Capital World Investors grew its holdings in United Rentals by 6.7% during the third quarter. Capital World Investors now owns 2,678,614 shares of the construction company’s stock valued at $2,557,158,000 after purchasing an additional 168,685 shares during the last quarter. Franklin Resources Inc. raised its position in shares of United Rentals by 6.8% in the third quarter. Franklin Resources Inc. now owns 1,315,086 shares of the construction company’s stock valued at $1,255,460,000 after purchasing an additional 83,978 shares during the period. Alliancebernstein L.P. lifted its stake in shares of United Rentals by 5.6% in the third quarter. Alliancebernstein L.P. now owns 1,088,209 shares of the construction company’s stock worth $1,038,870,000 after buying an additional 57,977 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of United Rentals during the 2nd quarter worth $776,102,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

URI has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. UBS Group upgraded United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price objective on the stock in a research note on Sunday, January 4th. Robert W. Baird set a $970.00 price objective on United Rentals in a research report on Friday, January 30th. Wells Fargo & Company increased their target price on United Rentals from $995.00 to $1,071.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Finally, Truist Financial set a $972.00 price target on United Rentals in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $925.59.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,498 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $790.89, for a total transaction of $1,184,753.22. Following the completion of the transaction, the executive vice president owned 6,872 shares in the company, valued at $5,434,996.08. This trade represents a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael D. Durand sold 2,490 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total value of $1,969,938.60. Following the transaction, the executive vice president owned 7,458 shares of the company’s stock, valued at $5,900,322.12. This trade represents a 25.03% decrease in their position. The SEC filing for this sale provides additional information. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Down 1.1%

URI opened at $733.75 on Friday. The company has a market capitalization of $46.15 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.19 and a beta of 1.66. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.88. The firm’s fifty day moving average price is $831.19 and its two-hundred day moving average price is $865.35. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $1,021.47.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $11.09 EPS for the quarter, missing analysts’ consensus estimates of $11.86 by ($0.77). United Rentals had a return on equity of 30.35% and a net margin of 15.49%.The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the business posted $11.59 earnings per share. United Rentals’s revenue was up 2.8% on a year-over-year basis. On average, analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This is a positive change from United Rentals’s previous quarterly dividend of $1.79. This represents a $7.88 dividend on an annualized basis and a yield of 1.1%. United Rentals’s dividend payout ratio (DPR) is presently 20.37%.

United Rentals declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

United Rentals Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.