United Rentals, Inc. $URI Stock Holdings Boosted by Corient Private Wealth LLC

Corient Private Wealth LLC increased its position in United Rentals, Inc. (NYSE:URI) by 1,667.4% during the fourth quarter, Holdings Channel reports. The fund owned 343,965 shares of the construction company’s stock after purchasing an additional 324,503 shares during the quarter. Corient Private Wealth LLC’s holdings in United Rentals were worth $278,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Aventura Private Wealth LLC bought a new position in United Rentals in the 4th quarter worth about $27,000. Core Wealth Advisors LLC bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new stake in shares of United Rentals during the fourth quarter valued at approximately $32,000. Laurel Wealth Advisors LLC acquired a new position in shares of United Rentals during the fourth quarter worth approximately $32,000. Finally, Fortitude Family Office LLC boosted its position in shares of United Rentals by 121.1% during the fourth quarter. Fortitude Family Office LLC now owns 42 shares of the construction company’s stock worth $34,000 after buying an additional 23 shares during the period. 96.26% of the stock is currently owned by institutional investors.

United Rentals Stock Performance

Shares of 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 firm has a market cap of $67.52 billion, a P/E ratio of 27.49, a PEG ratio of 1.66 and a beta of 1.81. The stock has a fifty day moving average price of $947.43 and a two-hundred day moving average price 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 announced its earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing the consensus estimate of $11.47 by ($1.76). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $8.86 EPS. Research analysts forecast that United Rentals, Inc. will post 47.26 EPS for the current fiscal year.

United Rentals Dividend Announcement

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

Analyst Ratings Changes

URI has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on United Rentals from $970.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Citigroup increased their price target on United Rentals from $950.00 to $1,130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings raised United Rentals from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. UBS Group lifted their price objective on shares of United Rentals from $1,025.00 to $1,145.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. 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 analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,045.81.

Insider Buying and Selling at United Rentals

In related news, EVP Craig Adam Pintoff sold 2,466 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $963.00, for a total transaction of $2,374,758.00. Following the completion of the sale, the executive vice president directly owned 14,774 shares in the company, valued at approximately $14,227,362. This trade represents a 14.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew John Flannery sold 22,768 shares of United Rentals stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $984.98, for a total transaction of $22,426,024.64. Following the completion of the transaction, the chief executive officer owned 99,980 shares in the company, valued at approximately $98,478,300.40. This trade represents a 18.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,088 shares of company stock valued at $25,628,877 in the last ninety days. Company insiders own 0.47% of the company’s stock.

United Rentals 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.