Range Financial Group LLC Has $345,000 Stake in United Rentals, Inc. (NYSE:URI)

Range Financial Group LLC boosted its stake in shares of United Rentals, Inc. (NYSE:URI) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478 shares of the construction company’s stock after purchasing an additional 28 shares during the quarter. Range Financial Group LLC’s holdings in United Rentals were worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in URI. AdvisorNet Financial Inc boosted its position in United Rentals by 71.4% during the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after purchasing an additional 20 shares during the period. Rise Advisors LLC bought a new position in United Rentals during the first quarter worth $28,000. Private Wealth Management Group LLC bought a new position in United Rentals during the fourth quarter worth $34,000. Quarry LP bought a new position in United Rentals during the fourth quarter worth $36,000. Finally, Larson Financial Group LLC boosted its position in United Rentals by 1,525.0% during the fourth quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after purchasing an additional 61 shares during the period. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

URI has been the subject of a number of recent research reports. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Truist Financial boosted their target price on shares of United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research report on Friday, June 7th. They issued an “overweight” rating and a $780.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus boosted their target price on shares of United Rentals from $720.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has an average rating of “Hold” and a consensus target price of $612.73.

Insider Buying and Selling at United Rentals

In other United Rentals news, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

United Rentals Stock Performance

United Rentals stock opened at $645.37 on Tuesday. The business has a 50 day moving average of $660.65 and a 200-day moving average of $642.30. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $732.37. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.89 and a quick ratio of 0.83. The company has a market capitalization of $42.98 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.07 and a beta of 1.75.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.95 EPS. On average, equities research analysts predict that United Rentals, Inc. will post 43.87 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, May 7th. United Rentals’s dividend payout ratio is presently 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.