McLaughlin Asset Management Inc. Invests $643,000 in United Rentals, Inc. $URI

McLaughlin Asset Management Inc. purchased a new stake in United Rentals, Inc. (NYSE:URI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 795 shares of the construction company’s stock, valued at approximately $643,000.

Other institutional investors have also modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in United Rentals in the fourth quarter valued at approximately $49,000. Axxcess Wealth Management LLC grew its holdings in shares of United Rentals by 4.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 666 shares of the construction company’s stock valued at $539,000 after purchasing an additional 29 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of United Rentals by 1,667.4% during the 4th quarter. Corient Private Wealth LLC now owns 343,965 shares of the construction company’s stock worth $278,378,000 after purchasing an additional 324,503 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of United Rentals during the 4th quarter worth approximately $15,863,000. Finally, Strive Financial Group LLC bought a new stake in shares of United Rentals in the 4th quarter worth approximately $54,000. Institutional investors own 96.26% of the company’s stock.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total transaction of $535,867.28. Following the transaction, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig Adam Pintoff sold 2,466 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $963.00, for a total value of $2,374,758.00. Following the sale, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. The trade was a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,088 shares of company stock valued at $25,628,877 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on URI shares. Sanford C. Bernstein set a $903.00 price objective on United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Barclays raised their target price on United Rentals from $600.00 to $715.00 and gave the company an “underweight” rating in a research note on Friday, April 24th. UBS Group boosted their price target on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada upped their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $1,275.00 price objective on shares of United Rentals in a report on Wednesday, June 10th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,045.81.

United Rentals Trading Up 2.7%

NYSE:URI opened at $1,077.68 on Friday. United Rentals, Inc. has a 1 year low of $693.78 and a 1 year high of $1,106.88. The stock has a market cap of $67.52 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.66 and a beta of 1.81. The business has a fifty day moving average of $947.43 and a 200-day moving average of $869.81. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.74 and a current ratio of 0.80.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. United Rentals’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $8.86 earnings per share. Equities analysts predict that United Rentals, Inc. will post 47.26 earnings per share for the current year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.97 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 annualized dividend and a yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is presently 20.10%.

United Rentals Company Profile

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.