United Rentals, Inc. (NYSE:URI) Shares Bought by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC grew its holdings in shares of United Rentals, Inc. (NYSE:URI) by 4.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,754 shares of the construction company’s stock after buying an additional 126 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in United Rentals were worth $1,940,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of URI. Rialto Wealth Management LLC acquired a new stake in United Rentals in the fourth quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of United Rentals in the fourth quarter valued at $33,000. Kestra Investment Management LLC bought a new position in United Rentals during the fourth quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new position in United Rentals during the fourth quarter worth about $36,000. 96.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

URI has been the subject of several research reports. Citigroup reduced their price objective 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. Evercore ISI reduced their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Truist Financial reaffirmed a “buy” rating and issued a $956.00 price target (down previously from $963.00) on shares of United Rentals in a report on Friday, January 31st. Baird R W raised United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on United Rentals from $940.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average price target of $829.00.

Insider Buying and Selling

In other United Rentals news, CFO William E. Grace sold 1,100 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by corporate insiders.

United Rentals Stock Up 0.7 %

Shares of United Rentals stock opened at $631.14 on Friday. United Rentals, Inc. has a 1 year low of $585.27 and a 1 year high of $896.98. The company has a market cap of $41.22 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.43 and a beta of 1.76. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $697.25 and a 200 day moving average price of $757.17.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $11.59 EPS for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. As a group, analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from United Rentals’s previous quarterly dividend of $1.63. This represents a $7.16 dividend on an annualized basis and a dividend yield of 1.13%. United Rentals’s dividend payout ratio is 18.48%.

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.