Register Financial Advisors LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

Register Financial Advisors LLC purchased a new stake in United Rentals, Inc. (NYSE:URI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 60 shares of the construction company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also modified their holdings of URI. First Financial Corp IN bought a new position in United Rentals in the 1st quarter worth $25,000. AdvisorNet Financial Inc grew its position in shares of United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares during the last quarter. Rise Advisors LLC bought a new position in shares of United Rentals in the first quarter worth about $28,000. Riverview Trust Co acquired a new position in shares of United Rentals during the 1st quarter worth about $31,000. Finally, Private Wealth Management Group LLC bought a new stake in United Rentals during the 4th quarter valued at approximately $34,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Rentals

In other news, COO Michael D. Durand sold 559 shares of the firm’s 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 $5,431,557.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $674.56, for a total transaction of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares in the company, valued at $5,431,557.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

United Rentals Trading Up 3.8 %

URI stock opened at $646.73 on Friday. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $732.37. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $660.38 and its 200-day moving average is $644.07. The firm has a market cap of $43.07 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.02 and a beta of 1.75.

United Rentals (NYSE:URI) last announced its quarterly 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 firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.95 earnings per share. Equities analysts anticipate that United Rentals, Inc. will post 43.87 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, May 7th. United Rentals’s dividend payout ratio is currently 17.66%.

Wall Street Analyst Weigh In

Several brokerages have commented on URI. Stifel Nicolaus lifted their price target on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial boosted their target price on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. The Goldman Sachs Group upped their target price on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. began 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 on the stock. Finally, Citigroup assumed coverage on shares of United Rentals in a research report on Wednesday. They set a “buy” rating and a $745.00 price objective for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and an average price target of $638.40.

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.