Premier Path Wealth Partners LLC Raises Holdings in United Rentals, Inc. (NYSE:URI)

Premier Path Wealth Partners LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 873 shares of the construction company’s stock after purchasing an additional 20 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in United Rentals were worth $615,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of United Rentals by 15.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,089 shares of the construction company’s stock valued at $704,000 after acquiring an additional 145 shares during the period. XTX Topco Ltd purchased a new stake in United Rentals in the second quarter valued at approximately $207,000. Brighton Jones LLC acquired a new position in United Rentals during the second quarter worth $271,000. Ieq Capital LLC lifted its stake in United Rentals by 7.3% during the second quarter. Ieq Capital LLC now owns 3,573 shares of the construction company’s stock worth $2,311,000 after purchasing an additional 242 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of United Rentals by 3.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,038 shares of the construction company’s stock worth $2,612,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analyst Ratings Changes

URI has been the topic of several research analyst reports. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus increased their price target on shares of United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price objective on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Barclays upped their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Finally, Citigroup decreased their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and a consensus target price of $805.08.

United Rentals Stock Performance

Shares of URI stock opened at $770.81 on Friday. The company has a market cap of $50.58 billion, a P/E ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69. The firm has a fifty day moving average price of $778.79 and a 200 day moving average price of $761.58. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 12 month low of $553.22 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.73 EPS. Sell-side analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Wednesday, November 13th. United Rentals’s payout ratio is 17.03%.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.