Capital Investment Counsel LLC Invests $364,000 in United Rentals, Inc. $URI

Capital Investment Counsel LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 500 shares of the construction company’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also recently modified their holdings of URI. Aventura Private Wealth LLC purchased a new position in United Rentals during the 4th quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new position in United Rentals in the 4th quarter valued at about $28,000. MV Capital Management Inc. purchased a new stake in United Rentals during the fourth quarter worth about $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in United Rentals during the third quarter worth about $35,000. Finally, Board of the Pension Protection Fund acquired a new stake in shares of United Rentals during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Joli L. Gross sold 306 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total value of $2,374,758.00. Following the completion of the transaction, the executive vice president directly owned 14,774 shares of the company’s stock, valued at $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 over the last 90 days. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the subject of several recent research reports. Robert W. Baird raised their price objective on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating 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 stock an “outperform” rating in a research note on Thursday, April 9th. Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a research note on Friday, April 24th. Finally, Citigroup upped their price objective on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,096.75.

United Rentals Price Performance

Shares of URI opened at $1,122.26 on Tuesday. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69. The firm’s fifty day simple moving average is $993.67 and its 200-day simple moving average is $884.66. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.77 and a beta of 1.81. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.86 EPS. Equities analysts forecast that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $1.97 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is presently 20.10%.

United Rentals Company 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.