180 Wealth Advisors LLC Cuts Stock Position in United Rentals, Inc. (NYSE:URI)

180 Wealth Advisors LLC reduced its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 58.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 528 shares of the construction company's stock after selling 738 shares during the period. 180 Wealth Advisors LLC's holdings in United Rentals were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in United Rentals during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the fourth quarter worth $27,000. Meeder Asset Management Inc. raised its stake in shares of United Rentals by 241.7% in the fourth quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of United Rentals in the fourth quarter valued at $34,000. Finally, OFI Invest Asset Management purchased a new position in United Rentals in the fourth quarter valued at $36,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their target price for the stock from $705.00 to $666.00 in a research note on Tuesday, March 25th. The Goldman Sachs Group lifted their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Evercore ISI lowered their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $753.15.

Insider Buying and Selling

In other news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the sale, the vice president now owns 1,921 shares of the company's stock, valued at $1,355,957.06. This trade represents a 26.93% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

United Rentals Stock Down 0.8%

Shares of NYSE URI traded down $5.60 during mid-day trading on Wednesday, reaching $697.29. The company had a trading volume of 266,823 shares, compared to its average volume of 599,059. The firm has a 50 day simple moving average of $645.78 and a two-hundred day simple moving average of $699.05. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The stock has a market cap of $45.32 billion, a P/E ratio of 17.99, a PEG ratio of 1.43 and a beta of 1.71.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the business posted $9.15 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts predict that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.03%. United Rentals's dividend payout ratio is presently 18.54%.

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.