Paladin Wealth LLC Makes New $785,000 Investment in United Rentals, Inc. (NYSE:URI)

Paladin Wealth LLC purchased a new stake in shares of United Rentals, Inc. (NYSE:URI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 970 shares of the construction company’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of URI. Ameritas Advisory Services LLC raised its position in shares of United Rentals by 3.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 378 shares of the construction company’s stock worth $244,000 after purchasing an additional 14 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in United Rentals by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,352 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 14 shares in the last quarter. IAM Advisory LLC raised its holdings in United Rentals by 1.6% in the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock worth $729,000 after buying an additional 14 shares during the last quarter. CVA Family Office LLC lifted its stake in shares of United Rentals by 1.7% in the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after buying an additional 14 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of United Rentals by 3.7% during the first quarter. Concurrent Investment Advisors LLC now owns 418 shares of the construction company’s stock valued at $301,000 after buying an additional 15 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URI has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on shares of United Rentals from $860.00 to $930.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Evercore ISI upped their price target on United Rentals from $774.00 to $795.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Truist Financial lifted their price objective on United Rentals from $873.00 to $954.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. 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 target on the stock. Finally, Robert W. Baird boosted their price objective on shares of United Rentals from $565.00 to $650.00 and gave the company an “underperform” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $714.92.

Insider Buying and Selling at United Rentals

In other news, SVP Joli L. Gross sold 360 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $690.00, for a total value of $248,400.00. Following the completion of the sale, the senior vice president now directly owns 4,090 shares of the company’s stock, valued at $2,822,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.53% of the company’s stock.

United Rentals Trading Down 0.5 %

Shares of United Rentals stock opened at $815.25 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $54.29 billion, a PE ratio of 22.18, a P/E/G ratio of 1.86 and a beta of 1.68. United Rentals, Inc. has a 1-year low of $387.01 and a 1-year high of $826.24. The company’s fifty day simple moving average is $744.21 and its 200-day simple moving average is $699.16.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, August 14th. United Rentals’s payout ratio is 17.66%.

About United Rentals

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.