Crestwood Advisors Group LLC Has $23.87 Million Position in United Rentals, Inc. (NYSE:URI)

Crestwood Advisors Group LLC lessened its stake in shares of United Rentals, Inc. (NYSE:URI) by 0.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 36,916 shares of the construction company’s stock after selling 15 shares during the quarter. Crestwood Advisors Group LLC owned about 0.06% of United Rentals worth $23,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Financial Corp IN bought a new stake in shares of United Rentals during the first quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of United Rentals during the first quarter worth $27,000. RFP Financial Group LLC lifted its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of United Rentals in the first quarter valued at about $28,000. Finally, Riverview Trust Co acquired a new position in shares of United Rentals in the first quarter valued at about $31,000. Institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of URI stock opened at $741.26 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39. The company has a market cap of $49.03 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.71 and a beta of 1.71. United Rentals, Inc. has a twelve month low of $387.01 and a twelve month high of $789.80. The business has a fifty day simple moving average of $696.98 and a 200 day simple moving average of $681.16.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, beating analysts’ consensus estimates of $10.48 by $0.22. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $9.88 EPS. On average, sell-side analysts forecast that United Rentals, Inc. will post 44.5 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.88%. United Rentals’s payout ratio is presently 17.66%.

Insider Transactions at United Rentals

In related news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total transaction of $248,400.00. Following the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on URI. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Citigroup started coverage on shares of United Rentals in a research report on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target for the company. Truist Financial boosted their price target on United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price objective on United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. began coverage on United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $675.15.

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.