Nwam LLC Takes $2.35 Million Position in United Rentals, Inc. $URI

Nwam LLC bought a new position in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,071 shares of the construction company’s stock, valued at approximately $2,346,000.

A number of other institutional investors have also modified their holdings of URI. Orgel Wealth Management LLC acquired a new stake in United Rentals during the 2nd quarter worth $261,000. Headlands Technologies LLC grew its position in United Rentals by 33.1% during the 2nd quarter. Headlands Technologies LLC now owns 531 shares of the construction company’s stock worth $602,000 after purchasing an additional 132 shares during the last quarter. Sigma Planning Corp increased its stake in United Rentals by 4.1% in the second quarter. Sigma Planning Corp now owns 1,965 shares of the construction company’s stock valued at $2,226,000 after purchasing an additional 78 shares during the period. Flputnam Investment Management Co. increased its stake in United Rentals by 119.1% in the second quarter. Flputnam Investment Management Co. now owns 7,030 shares of the construction company’s stock valued at $7,964,000 after purchasing an additional 3,822 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of United Rentals by 6.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,231 shares of the construction company’s stock valued at $8,191,000 after buying an additional 415 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore reissued an “outperform” rating and set a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their target price on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Weiss Ratings raised United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. UBS Group boosted their price objective on shares of United Rentals from $1,300.00 to $1,350.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price objective on shares of United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and an average price target of $1,246.19.

United Rentals Price Performance

Shares of URI opened at $989.49 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock’s 50 day moving average is $1,094.73 and its two-hundred day moving average is $959.71. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,179.18. The firm has a market capitalization of $61.59 billion, a PE ratio of 23.76, a P/E/G ratio of 1.53 and a beta of 1.79.

United Rentals (NYSE:URI) last issued its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.53 by $1.23. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. United Rentals had a return on equity of 31.72% and a net margin of 15.67%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.47 EPS. Research analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a yield of 0.8%. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president owned 6,062 shares of the company’s stock, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

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.