Larson Financial Group LLC Has $397,000 Position in United Rentals, Inc. (NYSE:URI)

Larson Financial Group LLC raised its holdings in United Rentals, Inc. (NYSE:URI) by 37.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 633 shares of the construction company’s stock after purchasing an additional 174 shares during the quarter. Larson Financial Group LLC’s holdings in United Rentals were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in United Rentals during the 4th quarter worth about $244,000. Envestnet Portfolio Solutions Inc. lifted its stake in United Rentals by 9.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,967 shares of the construction company’s stock valued at $2,795,000 after purchasing an additional 351 shares during the last quarter. Parallel Advisors LLC raised its holdings in United Rentals by 2.6% during the 4th quarter. Parallel Advisors LLC now owns 1,440 shares of the construction company’s stock valued at $1,014,000 after acquiring an additional 37 shares during the period. Axxcess Wealth Management LLC raised its holdings in United Rentals by 7.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 582 shares of the construction company’s stock valued at $410,000 after acquiring an additional 39 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in shares of United Rentals in the fourth quarter worth $2,304,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling

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

United Rentals Stock Up 2.4%

URI opened at $817.86 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The firm has a 50 day moving average price of $734.18 and a 200 day moving average price of $688.54. The company has a market cap of $53.16 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.69.

United Rentals (NYSE:URI) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. United Rentals’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 earnings per share. Sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.88%. United Rentals’s dividend payout ratio (DPR) is presently 18.54%.

Analysts Set New Price Targets

URI has been the subject of several analyst reports. Bank of America cut their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group raised their target price on shares of United Rentals from $770.00 to $850.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Robert W. Baird raised their price target on shares of United Rentals from $535.00 to $571.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Morgan Stanley raised shares of United Rentals from an “equal weight” rating to an “overweight” rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. Finally, Truist Financial lifted their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $768.54.

United Rentals Company 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.