Northwestern Mutual Wealth Management Co. Has $2.28 Million Stake in United Rentals, Inc. $URI

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI) by 51.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,820 shares of the construction company’s stock after selling 3,005 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in United Rentals were worth $2,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Great Valley Advisor Group Inc. increased its stake in shares of United Rentals by 2.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock valued at $292,000 after buying an additional 11 shares during the period. Gleason Group Inc. boosted its position in shares of United Rentals by 4.3% in the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after purchasing an additional 11 shares during the last quarter. Bridgewater Advisors Inc. boosted its position in shares of United Rentals by 1.2% in the 4th 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 last quarter. Howard Capital Management Inc. boosted its position in shares of United Rentals by 3.1% in the 3rd 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 last quarter. Finally, Fearless Solutions LLC dba Best Invest boosted its position in shares of United Rentals by 2.2% in the 4th quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after purchasing an additional 12 shares during the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

United Rentals Stock Performance

URI stock opened at $965.81 on Wednesday. The business’s 50-day moving average price is $839.69 and its two-hundred day moving average price is $842.62. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The firm has a market cap of $60.51 billion, a PE ratio of 24.64, a P/E/G ratio of 1.49 and a beta of 1.83. United Rentals, Inc. has a 1-year low of $681.98 and a 1-year high of $1,021.47.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $8.86 earnings per share. As a group, research analysts forecast that United Rentals, Inc. will post 47.07 earnings per share for the current year.

United Rentals announced that its board has authorized a stock repurchase program on Wednesday, January 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 8.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

United Rentals Announces Dividend

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

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 548 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $977.86, for a total value of $535,867.28. Following the transaction, the vice president owned 1,865 shares of the company’s stock, valued at approximately $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew John Flannery sold 22,768 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares in the company, valued at $98,478,300.40. This represents a 18.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,088 shares of company stock worth $25,628,877 over the last three months. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on URI shares. Weiss Ratings upgraded United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Barclays raised their price target on United Rentals from $600.00 to $715.00 and gave the stock an “underweight” rating in a research report on Friday, April 24th. Royal Bank Of Canada raised their price target on United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Robert W. Baird raised their price target on United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Truist Financial set a $1,209.00 price target on United Rentals in a research report on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, United Rentals has an average rating of “Moderate Buy” and a consensus price target of $1,006.13.

United Rentals Company 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.