Sanctuary Advisors LLC Acquires New Holdings in United Rentals, Inc. (NYSE:URI)

Sanctuary Advisors LLC acquired a new stake in United Rentals, Inc. (NYSE:URI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,155 shares of the construction company’s stock, valued at approximately $4,943,000.

A number of other large investors have also recently added to or reduced their stakes in URI. Rafferty Asset Management LLC grew its stake in United Rentals by 3.8% in the 4th quarter. Rafferty Asset Management LLC now owns 6,542 shares of the construction company’s stock valued at $3,751,000 after acquiring an additional 237 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of United Rentals by 14.0% during the 4th quarter. Cetera Advisor Networks LLC now owns 11,114 shares of the construction company’s stock worth $6,373,000 after acquiring an additional 1,363 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of United Rentals by 34.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 7,952 shares of the construction company’s stock worth $4,560,000 after acquiring an additional 2,043 shares during the period. Cibc World Markets Corp lifted its holdings in shares of United Rentals by 131.8% during the 4th quarter. Cibc World Markets Corp now owns 8,735 shares of the construction company’s stock worth $5,009,000 after acquiring an additional 4,966 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of United Rentals by 2.8% during the 4th quarter. American International Group Inc. now owns 18,704 shares of the construction company’s stock worth $10,725,000 after acquiring an additional 508 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 4,090 shares of the company’s stock, valued at approximately $2,822,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

United Rentals Stock Up 0.0 %

Shares of NYSE:URI opened at $789.52 on Friday. 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, Inc. has a 52-week low of $387.01 and a 52-week high of $826.24. The company has a 50 day moving average of $735.99 and a two-hundred day moving average of $695.90. The company has a market capitalization of $52.57 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.68.

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

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is currently 17.66%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on URI. Citigroup began coverage on shares of United Rentals in a report on Wednesday, June 26th. They set a “buy” rating and a $745.00 price objective on the stock. Raymond James began coverage on shares of United Rentals in a report on Friday, June 28th. They set an “outperform” rating and a $750.00 price objective on the stock. Truist Financial increased 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. Evercore ISI raised 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. Finally, JPMorgan Chase & Co. raised their price target on shares of United Rentals from $780.00 to $940.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, United Rentals has a consensus rating of “Hold” and a consensus target price of $694.46.

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.