Brian Low Financial Group LLC Has $1.17 Million Stock Holdings in United Rentals, Inc. $URI

Brian Low Financial Group LLC boosted its position in United Rentals, Inc. (NYSE:URI) by 78.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,604 shares of the construction company’s stock after buying an additional 703 shares during the quarter. Brian Low Financial Group LLC’s holdings in United Rentals were worth $1,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BTC Capital Management Inc. raised its holdings in United Rentals by 47.8% during the 1st quarter. BTC Capital Management Inc. now owns 3,078 shares of the construction company’s stock worth $2,240,000 after purchasing an additional 995 shares during the last quarter. Hilton Head Capital Partners LLC boosted its stake in shares of United Rentals by 123.8% in the 1st quarter. Hilton Head Capital Partners LLC now owns 94 shares of the construction company’s stock valued at $69,000 after purchasing an additional 52 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of United Rentals by 139.4% in the 1st quarter. Blue Trust Inc. now owns 802 shares of the construction company’s stock valued at $584,000 after purchasing an additional 467 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of United Rentals by 5.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 913 shares of the construction company’s stock worth $665,000 after buying an additional 50 shares during the period. Finally, OP Asset Management Ltd acquired a new stake in shares of United Rentals during the 1st quarter worth approximately $9,124,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of the business’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 of the company’s stock, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,088 shares of company stock worth $25,628,877 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Up 1.8%

United Rentals stock opened at $1,082.52 on Thursday. The company’s 50 day simple moving average is $972.21 and its 200 day simple moving average is $877.50. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,106.88. The firm has a market capitalization of $67.82 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.68 and a beta of 1.81. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74.

United Rentals (NYSE:URI) last issued 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 net margin of 15.32% and a return on equity of 30.56%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm posted $8.86 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared 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 of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s payout ratio is 20.10%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. UBS Group upped their target price on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. KeyCorp increased their price target on United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Morgan Stanley restated an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $1,101.00 price objective on shares of United Rentals in a research note on Monday, May 11th. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $1,045.81.

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.