HCR Wealth Advisors Acquires 284 Shares of United Rentals, Inc. (NYSE:URI)

HCR Wealth Advisors increased its stake in shares of United Rentals, Inc. (NYSE:URI) by 97.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 576 shares of the construction company’s stock after acquiring an additional 284 shares during the quarter. HCR Wealth Advisors’ holdings in United Rentals were worth $406,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in shares of United Rentals during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in United Rentals during the third quarter valued at about $31,000. Carmichael Hill & Associates Inc. raised its holdings in United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. HM Payson & Co. acquired a new position in United Rentals in the 3rd quarter valued at approximately $41,000. Finally, Trust Co. of Vermont lifted its position in shares of United Rentals by 6,000.0% in the 3rd quarter. Trust Co. of Vermont now owns 61 shares of the construction company’s stock worth $49,000 after acquiring an additional 60 shares during the period. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Trading Up 1.6 %

Shares of URI opened at $741.70 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.77 and a current ratio of 0.82. The company has a market cap of $48.67 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.46 and a beta of 1.69. The stock has a fifty day moving average price of $785.71 and a two-hundred day moving average price of $760.02. United Rentals, Inc. has a 52-week low of $545.16 and a 52-week high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.49 by ($0.69). United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the firm earned $11.73 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that United Rentals, Inc. will post 43.46 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.88%. United Rentals’s dividend payout ratio (DPR) is currently 17.03%.

Insider Activity at United Rentals

In other United Rentals news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the transaction, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on URI. Truist Financial boosted their price objective on United Rentals from $955.00 to $965.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Argus boosted their price target on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America raised their price objective on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup lowered their target price on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $805.25.

About United Rentals

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.