Semus Wealth Partners LLC Purchases 603 Shares of United Rentals, Inc. $URI

Semus Wealth Partners LLC raised its position in United Rentals, Inc. (NYSE:URI) by 57.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,646 shares of the construction company’s stock after acquiring an additional 603 shares during the period. Semus Wealth Partners LLC’s holdings in United Rentals were worth $1,199,000 as of its most recent filing with the SEC.

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

Insider Activity

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This represents a 18.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the transaction, the vice president directly owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 in the last three months. 0.47% of the stock is owned by company insiders.

United Rentals Price Performance

Shares of NYSE:URI opened at $1,113.81 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is $1,006.44 and its two-hundred day simple moving average is $888.89. United Rentals, Inc. has a 1-year low of $701.59 and a 1-year high of $1,143.69. The stock has a market cap of $69.78 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.79.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm 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 firm earned $8.86 earnings per share. United Rentals’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that United Rentals, Inc. will post 46.76 EPS for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a dividend of $1.97 per share. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s payout ratio is 20.10%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on URI. Citigroup raised their price objective on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Barclays upped their target price on shares of United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Bank of America raised their price target on shares of United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, KeyCorp lifted their price target on United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,106.44.

About United Rentals

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.