Mediolanum International Funds Ltd Invests $1.81 Million in United Rentals, Inc. $URI

Mediolanum International Funds Ltd bought a new position in United Rentals, Inc. (NYSE:URI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,534 shares of the construction company’s stock, valued at approximately $1,809,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in United Rentals in the fourth quarter worth approximately $27,000. Core Wealth Advisors LLC bought a new position in shares of United Rentals in the fourth quarter valued at $28,000. MV Capital Management Inc. acquired a new stake in shares of United Rentals during the 4th quarter valued at $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of United Rentals during the 4th quarter worth $32,000. Finally, Fortitude Family Office LLC boosted its stake in shares of United Rentals by 121.1% during the 4th quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock worth $34,000 after acquiring an additional 23 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Craig Adam Pintoff sold 2,466 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the sale, the executive vice president 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. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Trading Down 0.3%

United Rentals stock opened at $1,010.04 on Wednesday. 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 company has a market capitalization of $63.28 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.62 and a beta of 1.79. United Rentals, Inc. has a one year low of $701.59 and a one year high of $1,143.69. The company’s fifty day moving average price is $1,043.86 and its two-hundred day moving average price is $913.86.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.98 billion during 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%.United Rentals’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $8.86 EPS. On average, analysts forecast that United Rentals, Inc. will post 46.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on URI shares. Robert W. Baird boosted their target price on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Citigroup increased their target price on United Rentals from $1,210.00 to $1,270.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Truist Financial lifted their price target on United Rentals from $1,209.00 to $1,421.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Morgan Stanley lifted their price target on United Rentals from $1,030.00 to $1,165.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Raymond James Financial restated an “outperform” rating and set a $1,275.00 price objective on shares of United Rentals in a research report on Wednesday, June 10th. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,140.00.

United Rentals 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.