Continuum Advisory LLC Acquires Shares of 2,277 United Rentals, Inc. $URI

Continuum Advisory LLC bought a new stake in shares of United Rentals, Inc. (NYSE:URI) during the first quarter, HoldingsChannel reports. The firm bought 2,277 shares of the construction company’s stock, valued at approximately $1,659,000.

Other institutional investors also recently modified their holdings of the company. Aventura Private Wealth LLC bought a new stake in United Rentals during the fourth quarter worth about $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals during the fourth quarter valued at approximately $28,000. MV Capital Management Inc. purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new position in shares of United Rentals during the fourth quarter valued at approximately $32,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $32,000. 96.26% of the stock is currently owned by institutional investors.

United Rentals Price Performance

Shares of URI opened at $1,123.06 on Monday. The company has a market capitalization of $70.36 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of $986.77 and a 200 day moving average of $882.32. United Rentals, Inc. has a twelve month low of $701.59 and a twelve month high of $1,143.69.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) 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 $3.98 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company posted $8.86 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

URI has been the topic of several recent research reports. Barclays upped their price target on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $903.00 target price on United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. increased their target price on United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Robert W. Baird raised their price target on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, UBS Group raised their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,070.50.

Insiders Place Their Bets

In related news, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the completion of the sale, the chief executive officer directly owned 99,980 shares in the company, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was 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 approximately $14,227,362. This trade represents a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

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.