Krilogy Financial LLC Increases Position in United Rentals, Inc. $URI

Krilogy Financial LLC lifted its stake in United Rentals, Inc. (NYSE:URI) by 66.2% in the 1st quarter, Holdings Channel reports. The firm owned 1,614 shares of the construction company’s stock after purchasing an additional 643 shares during the quarter. Krilogy Financial LLC’s holdings in United Rentals were worth $1,255,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in URI. Beacon Investment Advisory Services Inc. raised its holdings in United Rentals by 1,358.7% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 8,227 shares of the construction company’s stock worth $6,658,000 after purchasing an additional 7,663 shares during the last quarter. Nordea Investment Management AB grew its holdings in United Rentals by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 154,688 shares of the construction company’s stock valued at $126,362,000 after purchasing an additional 28,604 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in United Rentals by 18.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,756 shares of the construction company’s stock valued at $9,514,000 after purchasing an additional 1,846 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of United Rentals by 1.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 367,814 shares of the construction company’s stock valued at $351,128,000 after buying an additional 5,115 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of United Rentals by 37.8% in the third quarter. Victory Capital Management Inc. now owns 113,434 shares of the construction company’s stock valued at $108,291,000 after buying an additional 31,125 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Key United Rentals News

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: Bank of America raised its price target on United Rentals to $1,195 from $1,020 and kept a Buy rating, signaling more upside than previously expected and reinforcing bullish sentiment on the stock. Bank of America raises URI price target
• Positive Sentiment: Zacks upgraded URI to Rank #2 (Buy), citing improving earnings prospects. That kind of ranking upgrade can attract momentum and growth investors. Zacks upgrade to Buy
• Positive Sentiment: Several industry pieces highlighted URI as a beneficiary of construction, infrastructure, and innovation tailwinds even as tariffs, inflation, and housing weakness pressure the broader sector. Industry outlook article
• Neutral Sentiment: Recent articles focused on United Rentals’ long-term performance and a new acquisition, which keep the stock in the spotlight but do not appear to add a major new catalyst on their own. United Rentals’ New Acquisition, Explained
• Neutral Sentiment: Other coverage emphasized construction trends and a broader industry outlook, suggesting URI remains closely tied to the health of the construction cycle and capital spending. Construction trends article

United Rentals Stock Performance

Shares of URI opened at $1,141.16 on Friday. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,143.69. The company’s 50 day simple moving average is $979.61 and its 200 day simple moving average is $879.93. The company has a market capitalization of $71.49 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 1.71 and a beta of 1.81. 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 released its earnings results on Wednesday, April 22nd. The construction company reported $9.71 EPS for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $8.86 earnings per share. On average, sell-side analysts predict that United Rentals, Inc. will post 47.26 EPS for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a $1.97 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.7%. United Rentals’s payout ratio is currently 20.10%.

Insiders Place Their Bets

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the transaction, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joli L. Gross sold 306 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $954.99, for a total value of $292,226.94. Following the completion of the sale, the senior vice president directly owned 5,738 shares in the company, valued at approximately $5,479,732.62. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,088 shares of company stock worth $25,628,877 in the last three months. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on URI. Sanford C. Bernstein set a $903.00 price objective on shares of United Rentals and gave the stock an “outperform” rating in a research report on Thursday, April 9th. UBS Group raised their target price 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. JPMorgan Chase & Co. lifted their target price on shares of United Rentals from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Robert W. Baird upped their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, KeyCorp increased their price target on shares of United Rentals from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,070.50.

About United Rentals

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.