W1M Asset Management Ltd Purchases Shares of 297,832 United Rentals, Inc. $URI

W1M Asset Management Ltd bought a new stake in shares of United Rentals, Inc. (NYSE:URI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 297,832 shares of the construction company’s stock, valued at approximately $337,323,000. United Rentals accounts for 3.1% of W1M Asset Management Ltd’s holdings, making the stock its 17th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Core Wealth Advisors LLC purchased a new stake in shares of United Rentals in the 4th quarter worth $28,000. MV Capital Management Inc. bought a new position in shares of United Rentals in the fourth quarter worth about $28,000. MidFirst Bank purchased a new position in shares of United Rentals during the 2nd quarter valued at about $31,000. Laurel Wealth Advisors LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $32,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in United Rentals in the 4th quarter worth approximately $34,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $1,300.00 price target on shares of United Rentals in a research report on Friday, July 24th. KeyCorp restated an “overweight” rating and issued a $1,350.00 price objective on shares of United Rentals in a research report on Friday, July 24th. Zacks Research raised United Rentals from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Evercore reissued an “outperform” rating and issued a $1,101.00 price target on shares of United Rentals in a report on Monday, May 11th. Finally, Truist Financial raised their target price on shares of United Rentals from $1,421.00 to $1,466.00 and gave the company a “buy” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,246.19.

Insider Buying and Selling

In other United Rentals news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

United Rentals Stock Performance

NYSE:URI opened at $1,095.21 on Friday. The company has a market cap of $68.17 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,179.18. The stock’s 50 day simple moving average is $1,099.22 and its two-hundred day simple moving average is $949.51. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.76 and a quick ratio of 0.70.

United Rentals (NYSE:URI) last posted its earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating analysts’ consensus estimates of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm posted $10.47 earnings per share. United Rentals’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts anticipate that United Rentals, Inc. will post 48.55 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 18.92%.

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.