Wealth Alliance Has $255,000 Position in United Rentals, Inc. (NYSE:URI)

Wealth Alliance cut its holdings in shares of United Rentals, Inc. (NYSE:URI) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 394 shares of the construction company’s stock after selling 53 shares during the period. Wealth Alliance’s holdings in United Rentals were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Precision Wealth Strategies LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at about $227,000. Gryphon Financial Partners LLC bought a new stake in United Rentals in the fourth quarter valued at approximately $281,000. Franklin Resources Inc. increased its position in United Rentals by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 83,344 shares of the construction company’s stock valued at $47,791,000 after purchasing an additional 5,526 shares during the period. EverSource Wealth Advisors LLC raised its holdings in United Rentals by 22.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 116 shares of the construction company’s stock worth $67,000 after purchasing an additional 21 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of United Rentals by 26.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 20,284 shares of the construction company’s stock worth $11,631,000 after purchasing an additional 4,260 shares during the period. 96.26% of the stock is owned by institutional investors.

Insider Activity

In related 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 transaction of $248,400.00. Following the transaction, the senior vice president now directly owns 4,090 shares in the company, valued at $2,822,100. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on URI. Evercore ISI lifted their target price on shares of United Rentals from $774.00 to $795.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Citigroup started coverage on United Rentals in a research note on Wednesday, June 26th. They issued a “buy” rating and a $745.00 price objective on the stock. JPMorgan Chase & Co. began coverage on United Rentals in a research note on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Raymond James assumed coverage on United Rentals in a research note on Friday, June 28th. They issued an “outperform” rating and a $750.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $675.15.

United Rentals Trading Down 1.3 %

URI opened at $783.60 on Friday. The firm has a market capitalization of $52.18 billion, a PE ratio of 21.22, a P/E/G ratio of 1.72 and a beta of 1.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. United Rentals, Inc. has a fifty-two week low of $387.01 and a fifty-two week high of $801.39. The company’s 50-day moving average is $720.19 and its 200 day moving average is $686.67.

United Rentals (NYSE:URI) last posted its earnings results on Wednesday, July 24th. The construction company reported $10.70 earnings per share 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 analyst estimates of $3.77 billion. During the same quarter last year, the company earned $9.88 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts predict that United Rentals, Inc. will post 44.39 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders 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 0.83%. The ex-dividend date was Wednesday, August 14th. United Rentals’s dividend payout ratio is 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.