Hedeker Wealth LLC Has $6.81 Million Holdings in United Rentals, Inc. (NYSE:URI)

Hedeker Wealth LLC decreased its position in United Rentals, Inc. (NYSE:URI) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,444 shares of the construction company’s stock after selling 68 shares during the period. United Rentals makes up 2.0% of Hedeker Wealth LLC’s holdings, making the stock its 14th biggest holding. Hedeker Wealth LLC’s holdings in United Rentals were worth $6,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Financial Corp IN bought a new stake in United Rentals in the first quarter valued at $25,000. AdvisorNet Financial Inc increased its stake in United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Rise Advisors LLC bought a new stake in United Rentals in the first quarter valued at $28,000. Riverview Trust Co bought a new stake in United Rentals in the first quarter valued at $31,000. Finally, Private Wealth Management Group LLC bought a new stake in United Rentals in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on URI shares. The Goldman Sachs Group lifted their price target on shares of United Rentals from $718.00 to $790.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus boosted their target price on shares of United Rentals from $720.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial decreased their target price on shares of United Rentals from $796.00 to $785.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer reissued a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. initiated coverage on shares of United Rentals in a research report on Friday, June 7th. They set an “overweight” rating and a $780.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, United Rentals presently has a consensus rating of “Hold” and a consensus target price of $637.67.

Insider Activity at United Rentals

In related news, CEO Matthew John Flannery sold 8,379 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total transaction of $5,862,199.77. Following the sale, the chief executive officer now owns 103,400 shares of the company’s stock, valued at approximately $72,341,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Michael D. Durand sold 559 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the transaction, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew John Flannery sold 8,379 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at approximately $72,341,742. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

United Rentals Stock Performance

URI traded up $3.37 during midday trading on Wednesday, reaching $649.25. The company had a trading volume of 44,800 shares, compared to its average volume of 569,312. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.83 and a current ratio of 0.89. The stock has a market cap of $43.23 billion, a PE ratio of 17.49, a P/E/G ratio of 2.12 and a beta of 1.71. United Rentals, Inc. has a 12-month low of $387.01 and a 12-month high of $732.37. The business has a 50-day moving average price of $660.29 and a two-hundred day moving average price of $646.84.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $8.35 by $0.80. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a net margin of 17.31% and a return on equity of 36.44%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.95 earnings per share. On average, sell-side analysts expect that United Rentals, Inc. will post 43.71 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, May 7th. United Rentals’s payout ratio is currently 17.66%.

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.