Millennium Capital Advisors LLC Buys Shares of 2,458 United Rentals, Inc. $URI

Millennium Capital Advisors LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,458 shares of the construction company’s stock, valued at approximately $1,989,000. United Rentals accounts for approximately 1.2% of Millennium Capital Advisors LLC’s holdings, making the stock its 18th largest position.

Other large investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in United Rentals during the 3rd quarter valued at about $29,000. Aventura Private Wealth LLC acquired a new position in United Rentals during the 4th quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in United Rentals during the 3rd quarter valued at about $35,000. Board of the Pension Protection Fund acquired a new position in United Rentals during the 4th quarter valued at about $32,000. Finally, Laurel Wealth Advisors LLC acquired a new position in United Rentals during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

In other United Rentals news, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at $5,479,732.62. This trade represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 26,088 shares of company stock worth $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on URI shares. Citigroup raised their target price 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. Truist Financial set a $1,209.00 target price on shares of United Rentals in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the company an “outperform” rating in a research note on Thursday, April 9th. Barclays raised their target price on shares of United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Rentals from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $996.94.

United Rentals Stock Performance

NYSE:URI opened at $961.22 on Friday. United Rentals, Inc. has a twelve month low of $681.98 and a twelve month high of $1,021.47. 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 company has a 50-day moving average of $818.01 and a 200-day moving average of $839.18. The firm has a market cap of $60.22 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.83.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the business posted $8.86 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that United Rentals, Inc. will post 47.07 earnings per share for the current fiscal year.

United Rentals declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.97 per share. The ex-dividend date is Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is 20.10%.

United Rentals 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.