550 Shares in United Rentals, Inc. (NYSE:URI) Purchased by Walden Wealth Partners LLC

Walden Wealth Partners LLC acquired a new stake in United Rentals, Inc. (NYSE:URIFree Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 550 shares of the construction company’s stock, valued at approximately $315,000.

A number of other large investors have also bought and sold shares of the business. Capital Research Global Investors grew its position in United Rentals by 39.1% during the 4th quarter. Capital Research Global Investors now owns 6,399,808 shares of the construction company’s stock worth $3,669,806,000 after acquiring an additional 1,799,997 shares during the last quarter. Norges Bank acquired a new position in United Rentals during the 4th quarter worth $977,443,000. Dimensional Fund Advisors LP lifted its holdings in United Rentals by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,092 shares of the construction company’s stock worth $714,578,000 after buying an additional 56,948 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in United Rentals by 58,829.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,043,051 shares of the construction company’s stock worth $598,106,000 after buying an additional 1,041,281 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in United Rentals by 19.1% during the 3rd quarter. Invesco Ltd. now owns 933,428 shares of the construction company’s stock worth $414,974,000 after buying an additional 149,838 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares of the company’s stock, valued at $72,341,742. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Michael D. Durand sold 559 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $5,431,557.12. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI traded up $3.03 during midday trading on Monday, reaching $619.24. 859,002 shares of the company were exchanged, compared to its average volume of 570,310. The stock’s 50-day moving average price is $666.16 and its 200-day moving average price is $635.75. The stock has a market cap of $41.24 billion, a P/E ratio of 16.81, a PEG ratio of 2.00 and a beta of 1.75. United Rentals, Inc. has a one year low of $387.01 and a one year high of $732.37. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URIGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. United Rentals’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.95 earnings per share. On average, sell-side analysts anticipate that United Rentals, Inc. will post 43.77 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.05%. United Rentals’s dividend payout ratio is currently 17.66%.

Analyst Upgrades and Downgrades

URI has been the topic of a number of analyst reports. Evercore ISI increased their price target on United Rentals from $575.00 to $740.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Oppenheimer restated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price objective for the company. Truist Financial upped their price objective on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, The Goldman Sachs Group upped their price objective on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and an average target price of $612.73.

Read Our Latest Research Report on URI

United Rentals Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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