Simplicity Wealth LLC Buys Shares of 417 United Rentals, Inc. (NYSE:URI)

Simplicity Wealth LLC bought a new stake in United Rentals, Inc. (NYSE:URI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 417 shares of the construction company’s stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rialto Wealth Management LLC acquired a new position in shares of United Rentals during the 4th quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the 4th quarter worth $26,000. Hanson & Doremus Investment Management acquired a new position in shares of United Rentals during the 4th quarter worth $33,000. Kestra Investment Management LLC acquired a new position in shares of United Rentals during the 4th quarter worth $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of United Rentals during the 4th quarter worth $36,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Stock Down 4.5 %

URI opened at $600.34 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The business has a 50-day moving average of $709.06 and a two-hundred day moving average of $764.37. United Rentals, Inc. has a 12 month low of $585.27 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. On average, research analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $1.79 dividend. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $7.16 annualized dividend and a yield of 1.19%. United Rentals’s payout ratio is 18.48%.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total transaction of $701,910.00. Following the completion of the sale, the chief financial officer now owns 6,880 shares in the company, valued at approximately $4,390,128. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on URI shares. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target for the company in a research note on Tuesday, January 14th. Truist Financial reaffirmed a “buy” rating and set a $956.00 price target (down previously from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Evercore ISI cut their price target on United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Argus boosted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $829.00.

United Rentals Company 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.