Weil Company Inc. Buys New Shares in United Rentals, Inc. (NYSE:URI)

Weil Company Inc. purchased a new position in shares of United Rentals, Inc. (NYSE:URI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 597 shares of the construction company’s stock, valued at approximately $386,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in United Rentals by 2.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,819 shares of the construction company’s stock worth $1,043,000 after purchasing an additional 49 shares during the period. Precision Wealth Strategies LLC bought a new stake in shares of United Rentals in the 4th quarter valued at $227,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of United Rentals by 1,780.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 376 shares of the construction company’s stock valued at $215,000 after acquiring an additional 356 shares during the period. Apollon Wealth Management LLC bought a new position in United Rentals during the fourth quarter worth $604,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in United Rentals by 10.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 615 shares of the construction company’s stock worth $353,000 after purchasing an additional 59 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $690.00, for a total value of $248,400.00. Following the transaction, the senior vice president now owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial upped their price objective on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a report on Friday, July 26th. Evercore ISI upped their price target on United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Raymond James initiated coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Citigroup initiated coverage on United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $675.15.

United Rentals Stock Down 2.4 %

United Rentals stock opened at $680.99 on Friday. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $789.80. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.76 and a current ratio of 0.81. The firm’s 50-day simple moving average is $703.72 and its 200 day simple moving average is $682.54. The stock has a market cap of $45.04 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.68.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping analysts’ consensus estimates of $10.48 by $0.22. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a return on equity of 35.87% and a net margin of 17.35%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.88 EPS. Research analysts predict that United Rentals, Inc. will post 44.5 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, August 14th. United Rentals’s dividend payout ratio (DPR) is currently 17.66%.

United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.