Sequoia Financial Advisors LLC Buys 1,109 Shares of United Rentals, Inc. $URI

Sequoia Financial Advisors LLC boosted its holdings in United Rentals, Inc. (NYSE:URI) by 52.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,241 shares of the construction company’s stock after buying an additional 1,109 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Rentals were worth $2,623,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Gleason Group Inc. lifted its holdings in United Rentals by 4.3% in the fourth quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock valued at $218,000 after buying an additional 11 shares during the period. Bridgewater Advisors Inc. raised its holdings in United Rentals by 1.2% in the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock worth $783,000 after purchasing an additional 11 shares during the period. Great Valley Advisor Group Inc. raised its holdings in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares during the period. Opal Wealth Advisors LLC raised its holdings in United Rentals by 2.7% in the third quarter. Opal Wealth Advisors LLC now owns 450 shares of the construction company’s stock worth $430,000 after purchasing an additional 12 shares during the period. Finally, Howard Capital Management Inc. raised its holdings in United Rentals by 3.1% in the third quarter. Howard Capital Management Inc. now owns 395 shares of the construction company’s stock worth $377,000 after purchasing an additional 12 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 548 shares of United Rentals stock in a transaction on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at approximately $1,823,708.90. The trade was a 22.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction on Monday, April 27th. The shares were sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the sale, the senior vice president owned 5,738 shares in the company, valued at $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on URI. Wells Fargo & Company increased their target price on shares of United Rentals from $995.00 to $1,071.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. KeyCorp increased their target price on shares of United Rentals from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Robert W. Baird increased their target price on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their target price on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein set a $903.00 target price on shares of United Rentals and gave the stock an “outperform” rating in a report on Thursday, April 9th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average target price of $986.35.

United Rentals Price Performance

URI stock opened at $935.68 on Monday. The stock has a 50-day moving average price of $805.22 and a two-hundred day moving average price of $838.92. The stock has a market cap of $58.62 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.49 and a beta of 1.83. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. United Rentals, Inc. has a 1 year low of $666.95 and a 1 year high of $1,021.47.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the company posted $8.86 EPS. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that United Rentals, Inc. will post 46.99 EPS for the current fiscal year.

United Rentals declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the construction company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be paid a $1.97 dividend. This represents a $7.88 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals’s payout ratio is presently 20.10%.

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.