Boston Common Asset Management LLC Sells 869 Shares of United Rentals, Inc. (NYSE:URI)

Boston Common Asset Management LLC decreased its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,993 shares of the construction company's stock after selling 869 shares during the quarter. Boston Common Asset Management LLC's holdings in United Rentals were worth $6,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of URI. JPMorgan Chase & Co. grew its holdings in shares of United Rentals by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 787,877 shares of the construction company's stock worth $637,968,000 after purchasing an additional 105,287 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of United Rentals during the fourth quarter worth about $235,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of United Rentals by 65.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 541 shares of the construction company's stock worth $381,000 after purchasing an additional 214 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of United Rentals during the fourth quarter worth about $368,000. Finally, Blue Trust Inc. grew its holdings in shares of United Rentals by 21.2% during the fourth quarter. Blue Trust Inc. now owns 1,098 shares of the construction company's stock worth $773,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Trading Down 3.4%

Shares of NYSE:URI traded down $23.80 during trading on Monday, reaching $684.59. 259,464 shares of the company traded hands, compared to its average volume of 697,966. The firm has a market capitalization of $44.50 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.43 and a beta of 1.70. 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 business's fifty day moving average is $643.68 and its 200-day moving average is $700.03.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data 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). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the company posted $9.15 EPS. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors 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 1.05%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial upped their target price on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Evercore ISI cut their target price on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Citigroup decreased their target price on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lifted their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $753.15.

Insider Transactions at United Rentals

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals 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 completion of the transaction, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. The trade was a 26.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction dated Tuesday, April 29th. The stock was 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 now directly owns 8,748 shares of the company's stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

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.