Haverford Trust Co Makes New $742,000 Investment in United Rentals, Inc. $URI
by Tristan Rich · The Markets DailyHaverford Trust Co purchased a new position in United Rentals, Inc. (NYSE:URI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 655 shares of the construction company’s stock, valued at approximately $742,000.
A number of other institutional investors also recently modified their holdings of the company. MidFirst Bank bought a new position in United Rentals during the second quarter worth $31,000. Core Wealth Advisors LLC acquired a new position in United Rentals in the fourth quarter valued at $28,000. MV Capital Management Inc. bought a new stake in United Rentals during the fourth quarter valued at $28,000. Bell Investment Advisors Inc bought a new stake in United Rentals during the second quarter valued at $40,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in United Rentals during the 4th quarter worth about $32,000. 96.26% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
URI has been the subject of several research analyst reports. Robert W. Baird set a $1,300.00 price objective on United Rentals in a research report on Friday, July 24th. Zacks Research upgraded United Rentals from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. KeyCorp restated an “overweight” rating and set a $1,350.00 target price on shares of United Rentals in a research report on Friday, July 24th. Morgan Stanley set a $1,335.00 target price on United Rentals and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Bank of America lifted their target price on United Rentals from $1,195.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,246.19.
View Our Latest Analysis on United Rentals
Insider Buying and Selling
In related news, EVP William E. Grace sold 1,500 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $1,133.15, for a total value of $1,699,725.00. Following the completion of the sale, the executive vice president directly owned 6,062 shares of the company’s stock, valued at $6,869,155.30. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.
United Rentals Trading Down 0.0%
NYSE:URI opened at $1,095.21 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $68.17 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.42 and a beta of 1.80. The firm has a fifty day simple moving average of $1,099.22 and a two-hundred day simple moving average of $949.51. United Rentals, Inc. has a 12 month low of $701.59 and a 12 month high of $1,179.18.
United Rentals (NYSE:URI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $12.76 earnings per share for the quarter, beating the consensus estimate of $11.53 by $1.23. United Rentals had a net margin of 15.67% and a return on equity of 31.72%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm posted $10.47 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Analysts expect that United Rentals, Inc. will post 48.55 EPS for the current fiscal year.
United Rentals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a $1.97 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $7.88 annualized dividend and a dividend yield of 0.7%. United Rentals’s dividend payout ratio (DPR) is currently 18.92%.
About United Rentals
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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