488 Shares in United Rentals, Inc. $URI Purchased by Sageworth Trust Co

Sageworth Trust Co acquired a new position in United Rentals, Inc. (NYSE:URI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 488 shares of the construction company’s stock, valued at approximately $356,000.

Several other large investors have also modified their holdings of URI. PCB Capital LLC grew its stake in shares of United Rentals by 2.4% during the first quarter. PCB Capital LLC now owns 734 shares of the construction company’s stock valued at $534,000 after buying an additional 17 shares during the last quarter. Stenger Family Office LLC lifted its stake in shares of United Rentals by 8.5% during the 1st quarter. Stenger Family Office LLC now owns 4,297 shares of the construction company’s stock worth $3,131,000 after acquiring an additional 337 shares during the last quarter. McLaughlin Asset Management Inc. lifted its stake in shares of United Rentals by 23.3% during the 1st quarter. McLaughlin Asset Management Inc. now owns 980 shares of the construction company’s stock worth $714,000 after acquiring an additional 185 shares during the last quarter. Clearwave Capital LLC boosted its holdings in United Rentals by 32.1% during the 1st quarter. Clearwave Capital LLC now owns 399 shares of the construction company’s stock valued at $291,000 after acquiring an additional 97 shares during the period. Finally, Unified Investment Management boosted its holdings in United Rentals by 1.1% during the 1st quarter. Unified Investment Management now owns 2,166 shares of the construction company’s stock valued at $1,578,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of a number of recent analyst reports. Citigroup increased their target price on United Rentals from $1,130.00 to $1,210.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings raised shares of United Rentals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. Fifteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,124.69.

United Rentals Trading Up 1.6%

URI opened at $1,072.78 on Thursday. The stock’s fifty day moving average is $1,024.36 and its two-hundred day moving average is $898.69. The company has a market capitalization of $67.21 billion, a P/E ratio of 27.37, a PEG ratio of 1.69 and a beta of 1.79. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week high of $1,143.69. The company has a quick ratio of 0.74, a current ratio of 0.80 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 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the company posted $8.86 earnings per share. United Rentals’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts forecast that United Rentals, Inc. will post 46.76 earnings per share for the current year.

United Rentals Dividend Announcement

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

Insider Transactions at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $292,226.94. Following 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,088 shares of company stock valued at $25,628,877. Insiders own 0.47% of the company’s stock.

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.