ORG Wealth Partners LLC Buys 1,957 Shares of United Rentals, Inc. (NYSE:URI)

ORG Wealth Partners LLC raised its stake in United Rentals, Inc. (NYSE:URI) by 5,289.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,994 shares of the construction company’s stock after acquiring an additional 1,957 shares during the quarter. ORG Wealth Partners LLC’s holdings in United Rentals were worth $1,261,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of URI. Norges Bank bought a new position in shares of United Rentals during the fourth quarter worth approximately $695,716,000. GAMMA Investing LLC increased its holdings in shares of United Rentals by 77,674.5% during the first quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company’s stock worth $556,138,000 after purchasing an additional 886,266 shares during the period. Leigh Baldwin & CO. LLC bought a new position in shares of United Rentals during the fourth quarter worth approximately $330,989,000. Capital World Investors increased its holdings in shares of United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company’s stock worth $1,564,722,000 after purchasing an additional 323,636 shares during the period. Finally, Capital International Investors increased its holdings in shares of United Rentals by 41.0% during the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company’s stock worth $740,624,000 after purchasing an additional 305,491 shares during the period. 96.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

URI has been the topic of several recent research reports. Truist Financial raised their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Cfra Research upgraded shares of United Rentals to a “strong-buy” rating in a research report on Friday, April 25th. UBS Group upgraded shares of United Rentals from a “sell” rating to a “neutral” rating and increased their price target for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Robert W. Baird increased their price target on shares of United Rentals from $535.00 to $571.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Finally, Bank of America reduced their price target on shares of United Rentals from $850.00 to $750.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $753.64.

United Rentals Stock Performance

Shares of United Rentals stock opened at $698.39 on Thursday. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The firm has a market capitalization of $45.39 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.70 and a beta of 1.70. The company’s 50 day moving average price is $669.10 and its two-hundred day moving average price is $689.11.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts’ consensus estimates of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business earned $9.15 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.03%. United Rentals’s dividend payout ratio is currently 18.54%.

Insider Buying and Selling at United Rentals

In other news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the transaction, the vice president now owns 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

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.