Bernardo Wealth Planning LLC Makes New Investment in United Rentals, Inc. (NYSE:URI)

Bernardo Wealth Planning LLC purchased a new position in shares of United Rentals, Inc. (NYSE:URI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 322 shares of the construction company’s stock, valued at approximately $216,000.

Other large investors also recently modified their holdings of the company. Mayflower Financial Advisors LLC grew its stake in shares of United Rentals by 4.0% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company’s stock valued at $274,000 after buying an additional 13 shares during the period. Allen Capital Group LLC grew its stake in United Rentals by 4.2% in the third quarter. Allen Capital Group LLC now owns 324 shares of the construction company’s stock valued at $262,000 after acquiring an additional 13 shares during the period. First County Bank CT grew its stake in United Rentals by 3.2% in the third quarter. First County Bank CT now owns 422 shares of the construction company’s stock valued at $342,000 after acquiring an additional 13 shares during the period. IAM Advisory LLC increased its holdings in shares of United Rentals by 1.6% during the third quarter. IAM Advisory LLC now owns 900 shares of the construction company’s stock valued at $729,000 after acquiring an additional 14 shares in the last quarter. Finally, CVA Family Office LLC raised its position in shares of United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company’s stock worth $683,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.

Insider Activity

In other news, SVP Anthony S. Leopold sold 900 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the sale, the senior vice president now directly owns 2,044 shares in the company, valued at $1,682,702.56. This represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

United Rentals Stock Up 1.8 %

Shares of NYSE:URI opened at $770.81 on Friday. The business has a fifty day moving average price of $778.79 and a two-hundred day moving average price of $761.58. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market capitalization of $50.58 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. United Rentals, Inc. has a 1 year low of $553.22 and a 1 year high of $896.98.

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

United Rentals Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup reduced their price target on shares of United Rentals from $985.00 to $835.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Baird R W upgraded shares of United Rentals from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Barclays raised their target price on United Rentals from $400.00 to $565.00 and gave the company an “underweight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $805.08.

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.