Brighton Jones LLC Takes Position in United Rentals, Inc. (NYSE:URI)

Brighton Jones LLC acquired a new stake in shares of United Rentals, Inc. (NYSE:URI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 419 shares of the construction company’s stock, valued at approximately $271,000.

Other hedge funds also recently made changes to their positions in the company. First Financial Corp IN bought a new stake in shares of United Rentals in the first quarter worth $25,000. Crewe Advisors LLC bought a new stake in shares of United Rentals in the first quarter worth $27,000. RFP Financial Group LLC increased its stake in shares of United Rentals by 115.8% in the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock worth $27,000 after buying an additional 22 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of United Rentals in the first quarter worth $28,000. Finally, Riverview Trust Co bought a new stake in shares of United Rentals in the first quarter worth $31,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

United Rentals Stock Performance

Shares of URI opened at $783.60 on Monday. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $801.39. The company has a market cap of $52.18 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68. 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 has a fifty day moving average of $722.27 and a 200-day moving average of $687.29.

United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $10.70 earnings per share for the quarter, topping the consensus estimate of $10.48 by $0.22. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.77 billion. United Rentals had a net margin of 17.35% and a return on equity of 35.87%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.88 earnings per share. As a group, equities analysts anticipate that United Rentals, Inc. will post 44.39 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling

In other United Rentals news, SVP Joli L. Gross sold 360 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the sale, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on URI. Citigroup began coverage on shares of United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price target for the company. Evercore ISI lifted their price objective on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. The Goldman Sachs Group lifted their price objective on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Raymond James assumed coverage on shares of United Rentals in a report on Friday, June 28th. They issued an “outperform” rating and a $750.00 price objective for the company. Finally, Truist Financial lifted their price objective on shares of United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, United Rentals has an average rating of “Hold” and a consensus target price of $675.15.

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.