AE Wealth Management LLC Sells 1,141 Shares of United Rentals, Inc. (NYSE:URI)

Key Points

• AE Wealth Management LLC has reduced its stake in United Rentals, Inc. by 46.0%, selling 1,141 shares during the 1st quarter, leaving the firm with 1,342 shares valued at approximately $841,000.
• GAMMA Investing LLC significantly increased its stake in United Rentals by 77,674.5% in the same quarter, now owning 887,407 shares worth about $556.1 million.
• United Rentals declared a quarterly dividend of $1.79 per share, payable on August 27th, representing an annualized payout of $7.16 and a dividend yield of 0.80%.

AE Wealth Management LLC trimmed its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 46.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,342 shares of the construction company's stock after selling 1,141 shares during the period. AE Wealth Management LLC's holdings in United Rentals were worth $841,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in United Rentals by 77,674.5% during the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock valued at $556,138,000 after acquiring an additional 886,266 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in shares of United Rentals in the 4th quarter valued at approximately $330,989,000. Capital World Investors boosted its position in shares of United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after purchasing an additional 323,636 shares in the last quarter. Capital International Investors grew its stake in United Rentals by 41.0% in the fourth quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock worth $740,624,000 after purchasing an additional 305,491 shares during the period. Finally, Marshall Wace LLP grew its stake in United Rentals by 105.6% in the fourth quarter. Marshall Wace LLP now owns 546,165 shares of the construction company's stock worth $384,740,000 after purchasing an additional 280,502 shares during the period. Institutional investors own 96.26% of the company's stock.

Insider Activity

In other news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the transaction, the vice president directly owned 1,921 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

United Rentals Stock Performance

URI stock opened at $900.62 on Tuesday. The stock's 50 day simple moving average is $751.34 and its 200 day simple moving average is $695.85. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $903.61. The stock has a market capitalization of $57.95 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.06 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the previous year, the company earned $10.70 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Wednesday, August 13th. United Rentals's payout ratio is presently 18.52%.

Analyst Ratings Changes

URI has been the subject of several recent research reports. KeyCorp reissued an "overweight" rating and set a $960.00 price objective (up previously from $865.00) on shares of United Rentals in a research report on Friday. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price target for the company. in a research report on Friday, June 13th. Bank of America boosted their price objective on shares of United Rentals from $895.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Barclays raised their target price on shares of United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Finally, Citigroup reiterated a "buy" rating and set a $810.00 target price (up from $740.00) on shares of United Rentals in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $830.71.

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.

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