CreativeOne Wealth LLC Has $783,000 Holdings in United Rentals, Inc. (NYSE:URI)

CreativeOne Wealth LLC cut its stake in shares of United Rentals, Inc. (NYSE:URI) by 13.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,366 shares of the construction company’s stock after selling 212 shares during the period. CreativeOne Wealth LLC’s holdings in United Rentals were worth $783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc boosted its stake in shares of United Rentals by 71.4% during the 4th quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. NBC Securities Inc. bought a new stake in United Rentals during the 3rd quarter worth about $29,000. Private Wealth Management Group LLC acquired a new stake in United Rentals during the 4th quarter worth approximately $34,000. Larson Financial Group LLC grew its stake in shares of United Rentals by 1,525.0% during the 4th quarter. Larson Financial Group LLC now owns 65 shares of the construction company’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of United Rentals during the 3rd quarter worth approximately $40,000. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Rentals

In other United Rentals news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the transaction, the chief executive officer now owns 103,400 shares of the company’s stock, valued at $72,341,742. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Matthew John Flannery sold 8,379 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Michael D. Durand sold 559 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $674.56, for a total transaction of $377,079.04. Following the completion of the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

United Rentals Price Performance

NYSE:URI opened at $682.60 on Thursday. United Rentals, Inc. has a 12 month low of $330.30 and a 12 month high of $732.37. The stock has a 50 day moving average of $685.63 and a two-hundred day moving average of $612.66. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39. The firm has a market cap of $45.45 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.26 and a beta of 1.82.

United Rentals (NYSE:URI) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the firm posted $7.95 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts expect that United Rentals, Inc. will post 43.61 earnings per share for the current fiscal year.

United Rentals announced that its board has initiated a share buyback plan on Wednesday, January 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

United Rentals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, May 7th. United Rentals’s dividend payout ratio is currently 17.66%.

Wall Street Analyst Weigh In

URI has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of United Rentals from $630.00 to $710.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Barclays boosted their target price on United Rentals from $325.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. Stifel Nicolaus boosted their target price on United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Oppenheimer reaffirmed a “market perform” rating on shares of United Rentals in a report on Monday, April 29th. Finally, Truist Financial upped their price objective on United Rentals from $793.00 to $796.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $600.79.

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.