Summit Trail Advisors LLC Acquires 78 Shares of United Rentals, Inc. (NYSE:URI)

Summit Trail Advisors LLC boosted its holdings in United Rentals, Inc. (NYSE:URI) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 747 shares of the construction company’s stock after acquiring an additional 78 shares during the quarter. Summit Trail Advisors LLC’s holdings in United Rentals were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Financial Corp IN bought a new stake in shares of United Rentals in the 1st quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in United Rentals during the first quarter worth $27,000. Rise Advisors LLC bought a new position in shares of United Rentals during the first quarter valued at $28,000. RFP Financial Group LLC lifted its holdings in shares of United Rentals by 115.8% during the second quarter. RFP Financial Group LLC now owns 41 shares of the construction company’s stock valued at $27,000 after acquiring an additional 22 shares during the period. Finally, Riverview Trust Co bought a new stake in shares of United Rentals in the 1st quarter worth about $31,000. Institutional investors own 96.26% of the company’s stock.

Insider Buying and Selling at United Rentals

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

United Rentals Price Performance

URI opened at $798.95 on Tuesday. The company has a fifty day moving average price of $724.10 and a two-hundred day moving average price of $688.13. 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 market capitalization of $53.20 billion, a PE ratio of 21.64, a P/E/G ratio of 1.72 and a beta of 1.68. United Rentals, Inc. has a 52 week low of $387.01 and a 52 week high of $803.48.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is currently 17.66%.

Analyst Upgrades and Downgrades

URI has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a report on Monday. Raymond James assumed coverage on United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price target for the company. Truist Financial increased their target price on United Rentals from $785.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group upped their price target on shares of United Rentals from $790.00 to $905.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, United Rentals has a consensus rating of “Hold” and a consensus price target of $687.46.

United Rentals Company 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.