Aaron Wealth Advisors LLC Sells 457 Shares of United Rentals, Inc. (NYSE:URI)

Aaron Wealth Advisors LLC reduced its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 530 shares of the construction company's stock after selling 457 shares during the period. Aaron Wealth Advisors LLC's holdings in United Rentals were worth $332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of URI. Jones Financial Companies Lllp increased its stake in United Rentals by 70.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,467 shares of the construction company's stock valued at $1,034,000 after purchasing an additional 605 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in United Rentals in the fourth quarter valued at $215,000. Steward Partners Investment Advisory LLC increased its stake in United Rentals by 11.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,589 shares of the construction company's stock valued at $4,642,000 after purchasing an additional 693 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Rentals by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after purchasing an additional 6,787 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of United Rentals by 30.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 605 shares of the construction company's stock worth $428,000 after acquiring an additional 140 shares in the last quarter. 96.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on URI. Evercore ISI decreased their target price on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Cfra Research raised shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup reissued a "buy" rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their target price on shares of United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Truist Financial boosted their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $766.23.

United Rentals Stock Down 0.4%

United Rentals stock opened at $784.50 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market cap of $50.99 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.69. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98. The firm's 50-day simple moving average is $702.94 and its 200 day simple moving average is $683.11.

United Rentals (NYSE:URI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.15 earnings per share. Research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $705.86, for a total value of $499,748.88. Following the transaction, the vice president directly owned 1,921 shares in the company, valued at $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

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.

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