United Rentals, Inc. (NYSE:URI) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its holdings in shares of United Rentals, Inc. (NYSE:URI) by 2.2% in the 1st quarter, HoldingsChannel reports. The fund owned 1,491 shares of the construction company’s stock after buying an additional 32 shares during the quarter. Daymark Wealth Partners LLC’s holdings in United Rentals were worth $934,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in United Rentals by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company’s stock worth $313,627,000 after purchasing an additional 6,787 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in United Rentals during the fourth quarter worth approximately $649,000. Penobscot Investment Management Company Inc. lifted its position in shares of United Rentals by 35.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company’s stock worth $2,898,000 after buying an additional 1,068 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company’s stock valued at $1,391,000 after buying an additional 550 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of United Rentals by 2.2% in the 4th quarter. US Bancorp DE now owns 21,321 shares of the construction company’s stock valued at $15,019,000 after buying an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Price Performance

Shares of NYSE URI opened at $737.12 on Thursday. The stock has a fifty day moving average price of $682.25 and a 200 day moving average price of $684.21. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The company has a market cap of $47.91 billion, a PE ratio of 19.09, a P/E/G ratio of 1.81 and a beta of 1.70.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $9.15 EPS. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals’s dividend payout ratio is presently 18.54%.

Insiders Place Their Bets

In other news, EVP Michael D. Durand sold 1,100 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the transaction, the executive vice president now owns 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president now owns 1,921 shares of the company’s stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI reduced their price target on shares of United Rentals from $974.00 to $921.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. Robert W. Baird boosted their target price on United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Citigroup raised their price target on United Rentals from $740.00 to $810.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Finally, Redburn Atlantic downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $765.07.

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.