Meadowbrook Advisors Group LLC Takes $487,000 Position in United Rentals, Inc. $URI

Meadowbrook Advisors Group LLC bought a new stake in United Rentals, Inc. (NYSE:URI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 602 shares of the construction company’s stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Beacon Investment Advisory Services Inc. increased its position in shares of United Rentals by 1,358.7% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after purchasing an additional 7,663 shares in the last quarter. TD Asset Management Inc boosted its position in United Rentals by 66.5% in the third quarter. TD Asset Management Inc now owns 484,450 shares of the construction company’s stock valued at $462,485,000 after buying an additional 193,416 shares in the last quarter. Nordea Investment Management AB grew its stake in United Rentals by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock worth $126,362,000 after buying an additional 28,604 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of United Rentals by 18.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock worth $9,514,000 after buying an additional 1,846 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of United Rentals by 1.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after acquiring an additional 5,115 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

United Rentals Trading Up 0.1%

NYSE:URI opened at $1,077.68 on Friday. The stock has a market capitalization of $67.52 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. United Rentals, Inc. has a fifty-two week low of $693.78 and a fifty-two week high of $1,106.88. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The business’s 50-day simple moving average is $953.75 and its 200-day simple moving average is $871.26.

United Rentals (NYSE:URI) last posted its quarterly earnings data 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 $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the business posted $8.86 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts expect that United Rentals, Inc. will post 47.26 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Joli L. Gross sold 306 shares of United Rentals stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $954.99, for a total transaction of $292,226.94. Following the completion of the transaction, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrew B. Limoges sold 548 shares of United Rentals 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 $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last three months. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on URI. UBS Group raised their price target on United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,030.00 price target on shares of United Rentals in a report on Friday, April 24th. 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 target price on shares of United Rentals in a research note on Friday, April 24th. Finally, Citigroup raised their price target on shares of United Rentals from $950.00 to $1,130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,045.81.

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.