Wealth Science Advisors LLC Buys 668 Shares of United Rentals, Inc. $URI

Wealth Science Advisors LLC lifted its stake in shares of United Rentals, Inc. (NYSE:URI) by 255.9% during the second quarter, HoldingsChannel.com reports. The firm owned 929 shares of the construction company’s stock after purchasing an additional 668 shares during the quarter. Wealth Science Advisors LLC’s holdings in United Rentals were worth $1,052,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new position in United Rentals in the 4th quarter worth about $28,000. MV Capital Management Inc. bought a new stake in shares of United Rentals during the fourth quarter valued at about $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of United Rentals in the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC purchased a new stake in shares of United Rentals in the fourth quarter worth about $34,000. Finally, Frazier Financial Advisors LLC boosted its position in shares of United Rentals by 33.3% in the first quarter. Frazier Financial Advisors LLC now owns 56 shares of the construction company’s stock valued at $41,000 after acquiring an additional 14 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URI. Barclays boosted their price objective on shares of United Rentals from $715.00 to $950.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. BNP Paribas Exane upgraded shares of United Rentals from a “neutral” rating to an “outperform” rating and set a $1,320.00 target price on the stock in a research note on Monday, June 29th. Wall Street Zen raised shares of United Rentals from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Argus restated a “buy” rating and set a $1,250.00 price target on shares of United Rentals in a research report on Tuesday, August 4th. Finally, Zacks Research raised shares of United Rentals from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United Rentals presently has an average rating of “Moderate Buy” and a consensus price target of $1,246.19.

United Rentals Stock Down 0.0%

Shares of NYSE URI opened at $1,162.37 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average of $1,085.32 and a 200-day moving average of $933.12. The firm has a market capitalization of $72.35 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.50 and a beta of 1.80. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.

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

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a $1.97 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s dividend payout ratio is presently 18.92%.

Insider Buying and Selling at United Rentals

In other news, EVP William E. Grace sold 1,500 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $1,133.15, for a total transaction of $1,699,725.00. Following the sale, the executive vice president owned 6,062 shares in the company, valued at approximately $6,869,155.30. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.47% of the company’s stock.

About United Rentals

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.