Willingdon Wealth Management lifted its holdings in United Rentals, Inc. (NYSE:URI) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,683 shares of the construction company’s stock after acquiring an additional 984 shares during the quarter. Willingdon Wealth Management’s holdings in United Rentals were worth $2,611,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in URI. Icon Wealth Partners LLC purchased a new position in United Rentals during the first quarter valued at $26,000. CNB Bank purchased a new position in United Rentals during the first quarter worth about $28,000. Ropes Wealth Advisors LLC purchased a new position in United Rentals during the first quarter worth about $32,000. Kistler Tiffany Companies LLC raised its stake in United Rentals by 576.9% during the second quarter. Kistler Tiffany Companies LLC now owns 264 shares of the construction company’s stock worth $35,000 after purchasing an additional 225 shares during the period. Finally, Thor Advisors LLC acquired a new stake in shares of United Rentals during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 87.30% of the company’s stock.
URI traded up $1.68 during trading on Tuesday, hitting $112.52. The stock had a trading volume of 1,343,863 shares, compared to its average volume of 1,802,823. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 3.08. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 0.34 and a beta of 2.65. The business has a 50-day moving average of $126.48. United Rentals, Inc. has a twelve month low of $94.28 and a twelve month high of $173.00.
In related news, Director Jose B. Alvarez acquired 238 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were acquired at an average cost of $125.98 per share, for a total transaction of $29,983.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Kneeland sold 38,580 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.67, for a total transaction of $5,002,668.60. Following the transaction, the director now owns 230,444 shares in the company, valued at $29,881,673.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,830 shares of company stock worth $18,711,155. 1.00% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on URI. Morgan Stanley lifted their price objective on shares of United Rentals from $168.00 to $176.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Royal Bank of Canada set a $164.00 price objective on shares of United Rentals and gave the stock a “buy” rating in a research report on Friday, July 19th. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the company a “hold” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of United Rentals from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Friday, June 21st. Finally, Macquarie set a $99.00 price target on shares of United Rentals and gave the company a “sell” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $150.82.
About United Rentals
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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