Kiley Juergens Wealth Management LLC Takes $1.51 Million Position in United Rentals, Inc. $URI

Kiley Juergens Wealth Management LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 2,070 shares of the construction company’s stock, valued at approximately $1,508,000.

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

United Rentals Stock Performance

NYSE:URI traded down $44.74 on Tuesday, reaching $1,054.94. 77,511 shares of the company’s stock were exchanged, compared to its average volume of 606,985. The firm has a market cap of $66.09 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.76 and a beta of 1.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The stock has a fifty day simple moving average of $1,020.47 and a 200-day simple moving average of $894.90. United Rentals, Inc. has a 52 week low of $701.59 and a 52 week 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 EPS 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 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 business posted $8.86 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that United Rentals, Inc. will post 46.76 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given 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 20.10%.

Insider Buying and Selling

In other news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 14,774 shares of the company’s stock, valued at approximately $14,227,362. This represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 99,980 shares of the company’s stock, valued at $98,478,300.40. This trade represents a 18.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 in the last ninety days. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price objective on shares of United Rentals in a research report on Friday, April 24th. Citigroup boosted their target price on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Robert W. Baird upped their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Bank of America increased their price target on United Rentals from $1,020.00 to $1,195.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada lifted their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a 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’s stock. According to MarketBeat, United Rentals has a consensus rating of “Moderate Buy” and an average price target of $1,119.69.

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.