Aaron Wealth Advisors LLC Purchases 549 Shares of United Rentals, Inc. (NYSE:URI)

Aaron Wealth Advisors LLC raised its position in shares of United Rentals, Inc. (NYSE:URI) by 125.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 987 shares of the construction company’s stock after buying an additional 549 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in United Rentals were worth $695,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its position in shares of United Rentals by 3.7% during the third quarter. FMR LLC now owns 2,416,568 shares of the construction company’s stock worth $1,956,768,000 after purchasing an additional 85,325 shares in the last quarter. International Assets Investment Management LLC increased its position in United Rentals by 82,462.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,606,661 shares of the construction company’s stock valued at $1,300,962,000 after buying an additional 1,604,715 shares in the last quarter. Geode Capital Management LLC raised its stake in United Rentals by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,566,802 shares of the construction company’s stock valued at $1,264,326,000 after buying an additional 9,256 shares during the last quarter. Franklin Resources Inc. boosted its holdings in United Rentals by 6.1% in the third quarter. Franklin Resources Inc. now owns 996,014 shares of the construction company’s stock worth $862,110,000 after acquiring an additional 57,002 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company’s stock worth $637,968,000 after acquiring an additional 105,287 shares during the last quarter. 96.26% of the stock is currently owned by institutional investors.

United Rentals Trading Up 1.8 %

United Rentals stock opened at $770.81 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.38. The firm has a market cap of $50.58 billion, a PE ratio of 20.13, a P/E/G ratio of 1.46 and a beta of 1.69. The stock’s 50 day simple moving average is $778.79 and its two-hundred day simple moving average is $762.34. United Rentals, Inc. has a 12 month low of $553.22 and a 12 month high of $896.98.

United Rentals (NYSE:URI) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing the consensus estimate of $12.49 by ($0.69). The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $11.73 EPS. Analysts anticipate that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.85%. United Rentals’s dividend payout ratio (DPR) is presently 17.03%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America lifted their target price on shares of United Rentals from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup dropped their price objective on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Baird R W upgraded United Rentals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Truist Financial cut their price objective on United Rentals from $965.00 to $963.00 and set a “buy” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on United Rentals from $780.00 to $940.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, United Rentals has an average rating of “Moderate Buy” and an average target price of $805.08.

Insider Activity at United Rentals

In related news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now owns 2,044 shares of the company’s stock, valued at approximately $1,682,702.56. This represents a 30.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

United Rentals 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.