United Rentals, Inc. $URI Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,292 shares of the construction company’s stock after purchasing an additional 693 shares during the period. Wealthfront Advisers LLC’s holdings in United Rentals were worth $6,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in URI. Aventura Private Wealth LLC purchased a new position in shares of United Rentals in the 4th quarter valued at $27,000. Core Wealth Advisors LLC acquired a new stake in United Rentals during the 4th quarter worth $28,000. MV Capital Management Inc. purchased a new stake in United Rentals in the fourth quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in United Rentals in the fourth quarter valued at $32,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of United Rentals during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

URI has been the subject of several research reports. BNP Paribas Exane raised United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price for the company in a report on Monday, June 29th. Barclays raised their price target on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Bank of America increased their price objective on United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Robert W. Baird raised their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,140.00.

Insider Buying and Selling

In related news, EVP Craig Adam Pintoff sold 2,466 shares of United Rentals stock in a transaction on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the transaction, the executive vice president directly owned 14,774 shares in the company, valued at $14,227,362. This trade represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. This represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,088 shares of company stock worth $25,628,877 over the last three months. 0.47% of the stock is owned by company insiders.

United Rentals Stock Performance

NYSE URI opened at $1,043.73 on Friday. The firm has a market cap of $65.39 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.67 and a beta of 1.79. United Rentals, Inc. has a 52-week low of $701.59 and a 52-week high of $1,143.69. The business’s 50-day moving average price is $1,041.31 and its 200 day moving average price is $910.42. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the company earned $8.86 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that United Rentals, Inc. will post 46.85 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. United Rentals’s payout ratio is presently 20.10%.

United Rentals Company 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.