Envestnet Portfolio Solutions Inc. Has $2.80 Million Stock Position in United Rentals, Inc. (NYSE:URI)

Envestnet Portfolio Solutions Inc. lifted its holdings in United Rentals, Inc. (NYSE:URI) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,967 shares of the construction company’s stock after purchasing an additional 351 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in United Rentals were worth $2,795,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in shares of United Rentals in the fourth quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management acquired a new stake in United Rentals in the 4th quarter worth approximately $33,000. Kestra Investment Management LLC acquired a new stake in United Rentals in the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new stake in United Rentals during the fourth quarter worth approximately $36,000. 96.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URI. Truist Financial restated a “buy” rating and issued a $956.00 price objective (down from $963.00) on shares of United Rentals in a research note on Friday, January 31st. Evercore ISI lowered their target price on shares of United Rentals from $1,004.00 to $974.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Robert W. Baird raised United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price target on the stock in a research report on Tuesday, January 14th. Finally, Citigroup dropped their price objective on United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $829.00.

Insider Buying and Selling at United Rentals

In other news, CFO William E. Grace sold 1,100 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $638.10, for a total value of $701,910.00. Following the completion of the transaction, the chief financial officer now directly owns 6,880 shares of the company’s stock, valued at approximately $4,390,128. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

United Rentals Stock Performance

Shares of NYSE URI opened at $627.42 on Thursday. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.43 and a beta of 1.76. United Rentals, Inc. has a one year low of $585.27 and a one year high of $896.98. The business has a fifty day simple moving average of $698.05 and a 200 day simple moving average of $758.05. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $11.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. Sell-side analysts expect that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.79 per share. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date was Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a yield of 1.14%. United Rentals’s dividend payout ratio (DPR) is currently 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.