Independent Financial Group LLC Makes New $777,000 Investment in United Rentals, Inc. $URI

by · The Markets Daily

Independent Financial Group LLC acquired a new stake in United Rentals, Inc. (NYSE:URI – Free Report) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 1,066 shares of the construction company’s stock, valued at approximately $777,000.

Other hedge funds have also recently modified their holdings of the company. Gleason Group Inc. boosted its stake in shares of United Rentals by 4.3% in the 4th quarter. Gleason Group Inc. now owns 269 shares of the construction company’s stock worth $218,000 after buying an additional 11 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of United Rentals by 1.2% during the fourth quarter. Bridgewater Advisors Inc. now owns 967 shares of the construction company’s stock valued at $783,000 after acquiring an additional 11 shares during the last quarter. PFG Investments LLC lifted its holdings in United Rentals by 0.9% during the first quarter. PFG Investments LLC now owns 1,172 shares of the construction company’s stock worth $854,000 after acquiring an additional 11 shares during the period. Great Valley Advisor Group Inc. boosted its position in United Rentals by 2.9% in the second quarter. Great Valley Advisor Group Inc. now owns 387 shares of the construction company’s stock worth $292,000 after purchasing an additional 11 shares during the last quarter. Finally, Fearless Solutions LLC dba Best Invest boosted its position in United Rentals by 2.2% in the fourth quarter. Fearless Solutions LLC dba Best Invest now owns 554 shares of the construction company’s stock worth $448,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on URI shares. JPMorgan Chase & Co. raised their target price on United Rentals from $1,050.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. KeyCorp boosted their price target on shares of United Rentals from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Robert W. Baird boosted their price target on shares of United Rentals from $970.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their price target on shares of United Rentals from $1,041.00 to $1,119.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, UBS Group raised their price objective on shares of United Rentals from $1,145.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Fourteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, United Rentals currently has a consensus rating of “Moderate Buy” and an average target price of $1,140.00.

Read Our Latest Analysis on United Rentals

United Rentals Stock Performance

NYSE:URI opened at $1,010.04 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.80 and a quick ratio of 0.74. The business has a fifty day simple moving average of $1,043.86 and a two-hundred day simple moving average of $913.86. United Rentals, Inc. has a 1 year low of $701.59 and a 1 year high of $1,143.69. The company has a market capitalization of $63.28 billion, a P/E ratio of 25.77, a P/E/G ratio of 1.62 and a beta of 1.79.

United Rentals (NYSE:URI – Get Free Report) 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 firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $4.20 billion. United Rentals had a net margin of 15.32% and a return on equity of 30.56%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $8.86 EPS. On average, analysts expect that United Rentals, Inc. will post 46.85 earnings per share for the current year.

Insider Transactions at United Rentals

In related news, CEO Matthew John Flannery sold 22,768 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $984.98, for a total value of $22,426,024.64. Following the sale, the chief executive officer directly owned 99,980 shares in the company, valued at approximately $98,478,300.40. The trade was a 18.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the completion of the sale, the vice president owned 1,865 shares in the company, valued at $1,823,708.90. This represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,088 shares of company stock worth $25,628,877. Insiders own 0.47% of the company’s stock.

United Rentals Profile

(Free Report)

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.

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