Marion Wealth Management Acquires New Shares in United Rentals, Inc. (NYSE:URI)

Marion Wealth Management bought a new position in United Rentals, Inc. (NYSE:URI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 279 shares of the construction company’s stock, valued at approximately $226,000.

A number of other hedge funds have also added to or reduced their stakes in URI. First Financial Corp IN purchased a new position in United Rentals during the first quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new position in shares of United Rentals during the 1st quarter valued at $27,000. RFP Financial Group LLC increased its holdings 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 purchasing an additional 22 shares during the period. Rise Advisors LLC purchased a new stake in shares of United Rentals in the first quarter worth $28,000. Finally, Riverview Trust Co bought a new stake in United Rentals during the first quarter valued at $31,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Insider Activity

In related news, SVP Joli L. Gross sold 360 shares of the 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 completion of the transaction, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

URI has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Truist Financial raised their target price on shares of United Rentals from $785.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on shares of United Rentals from $565.00 to $650.00 and gave the stock an “underperform” rating in a research note on Thursday, October 3rd. Citigroup began coverage on shares of United Rentals in a research report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. Finally, Evercore ISI upped their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, United Rentals presently has an average rating of “Hold” and a consensus target price of $694.46.

United Rentals Price Performance

Shares of United Rentals stock opened at $802.42 on Tuesday. The company’s fifty day simple moving average is $737.15 and its two-hundred day simple moving average is $696.41. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $826.24. The firm has a market cap of $53.43 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.84 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.39.

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

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a $1.63 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $6.52 annualized dividend and a dividend yield of 0.81%. United Rentals’s dividend payout ratio is 17.66%.

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.