500 Shares in United Rentals, Inc. $URI Purchased by Gilpin Wealth Management LLC

Gilpin Wealth Management LLC acquired a new position in United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 500 shares of the construction company’s stock, valued at approximately $405,000.

Several other institutional investors have also bought and sold shares of URI. Woodline Partners LP lifted its holdings in United Rentals by 40.0% in the first quarter. Woodline Partners LP now owns 5,518 shares of the construction company’s stock worth $3,458,000 after purchasing an additional 1,577 shares during the period. Sei Investments Co. lifted its holdings in United Rentals by 24.7% in the second quarter. Sei Investments Co. now owns 27,136 shares of the construction company’s stock worth $20,444,000 after purchasing an additional 5,375 shares during the period. Treasurer of the State of North Carolina lifted its holdings in United Rentals by 43.6% in the second quarter. Treasurer of the State of North Carolina now owns 56,057 shares of the construction company’s stock worth $42,233,000 after purchasing an additional 17,030 shares during the period. HUB Investment Partners LLC lifted its holdings in United Rentals by 11.3% in the second quarter. HUB Investment Partners LLC now owns 2,205 shares of the construction company’s stock worth $1,661,000 after purchasing an additional 223 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in United Rentals by 338.7% in the second quarter. Diversify Advisory Services LLC now owns 1,654 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,277 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the transaction, the chief executive officer directly owned 99,980 shares of the company’s stock, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,088 shares of company stock valued at $25,628,877. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on URI shares. Weiss Ratings raised shares of United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Truist Financial set a $1,209.00 price target on shares of United Rentals in a report on Friday, April 24th. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the company an “outperform” rating in a report on Thursday, April 9th. KeyCorp upped their price target on shares of United Rentals from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,275.00 price target on shares of United Rentals in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

United Rentals Price Performance

NYSE URI opened at $1,056.72 on Thursday. The stock’s 50-day moving average price is $906.76 and its two-hundred day moving average price is $858.86. 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 company has a market cap of $66.20 billion, a PE ratio of 26.96, a PEG ratio of 1.73 and a beta of 1.81. United Rentals, Inc. has a 1 year low of $682.08 and a 1 year high of $1,106.88.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.86 EPS. On average, analysts predict that United Rentals, Inc. will post 47.14 EPS for the current year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a yield of 0.7%. United Rentals’s payout ratio is presently 20.10%.

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.