Jackson Wealth Management LLC Has $941,000 Stake in United Rentals, Inc. $URI

Jackson Wealth Management LLC cut its position in United Rentals, Inc. (NYSE:URI) by 90.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 831 shares of the construction company’s stock after selling 7,840 shares during the quarter. Jackson Wealth Management LLC’s holdings in United Rentals were worth $941,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in URI. Orgel Wealth Management LLC acquired a new position in United Rentals during the second quarter valued at approximately $261,000. Headlands Technologies LLC increased its stake in shares of United Rentals by 33.1% in the 2nd quarter. Headlands Technologies LLC now owns 531 shares of the construction company’s stock valued at $602,000 after purchasing an additional 132 shares during the last quarter. Sigma Planning Corp increased its stake in shares of United Rentals by 4.1% in the 2nd quarter. Sigma Planning Corp now owns 1,965 shares of the construction company’s stock valued at $2,226,000 after purchasing an additional 78 shares during the last quarter. Flputnam Investment Management Co. raised its holdings in shares of United Rentals by 119.1% during the 2nd quarter. Flputnam Investment Management Co. now owns 7,030 shares of the construction company’s stock worth $7,964,000 after buying an additional 3,822 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of United Rentals by 6.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,231 shares of the construction company’s stock worth $8,191,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.

United Rentals Trading Up 0.9%

Shares of URI stock opened at $1,039.25 on Tuesday. United Rentals, Inc. has a fifty-two week low of $701.59 and a fifty-two week high of $1,179.18. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 0.76. The stock has a 50 day simple moving average of $1,096.24 and a two-hundred day simple moving average of $958.89. The company has a market cap of $64.68 billion, a P/E ratio of 24.96, a PEG ratio of 1.33 and a beta of 1.80.

United Rentals (NYSE:URI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $12.76 EPS for the quarter, topping the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm posted $10.47 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts forecast that United Rentals, Inc. will post 48.55 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $1.97 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.8%. United Rentals’s dividend payout ratio (DPR) is currently 18.92%.

Insider Buying and Selling

In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on United Rentals from $1,245.00 to $1,355.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Robert W. Baird set a $1,300.00 target price on shares of United Rentals in a research report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on United Rentals from $1,100.00 to $1,235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 target price on shares of United Rentals in a report on Wednesday, June 10th. Finally, Argus restated a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, United Rentals has a consensus rating of “Moderate Buy” and an average target price of $1,246.19.

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.