Buffington Mohr McNeal Reduces Holdings in United Rentals, Inc. (NYSE:URI)

Buffington Mohr McNeal cut its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 10.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,480 shares of the construction company's stock after selling 2,132 shares during the quarter. United Rentals comprises about 2.2% of Buffington Mohr McNeal's investment portfolio, making the stock its 17th largest position. Buffington Mohr McNeal's holdings in United Rentals were worth $10,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in URI. Charles Schwab Investment Management Inc. grew its stake in United Rentals by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,214 shares of the construction company's stock valued at $313,627,000 after acquiring an additional 6,787 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in United Rentals in the 4th quarter valued at about $649,000. Penobscot Investment Management Company Inc. grew its stake in United Rentals by 35.1% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,114 shares of the construction company's stock valued at $2,898,000 after acquiring an additional 1,068 shares during the last quarter. Elevation Point Wealth Partners LLC grew its stake in United Rentals by 32.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 2,220 shares of the construction company's stock valued at $1,391,000 after acquiring an additional 550 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in United Rentals in the 1st quarter valued at about $602,000. 96.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URI has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on shares of United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. upped their target price on shares of United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Truist Financial upped their target price on shares of United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and reduced their target price for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $766.23.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of United Rentals 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 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total transaction of $688,908.00. Following the transaction, the executive vice president directly owned 8,748 shares in the company, valued at approximately $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. Insiders own 0.53% of the company's stock.

United Rentals Trading Down 0.4%

Shares of URI traded down $3.29 during mid-day trading on Thursday, hitting $784.50. The company had a trading volume of 342,929 shares, compared to its average volume of 587,529. The stock has a market cap of $50.99 billion, a PE ratio of 20.31, a P/E/G ratio of 1.92 and a beta of 1.69. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. United Rentals, Inc. has a 1-year low of $525.91 and a 1-year high of $896.98. The business's 50-day simple moving average is $700.20 and its 200-day simple moving average is $682.97.

United Rentals (NYSE:URI - Get Free Report) last announced its quarterly 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 business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $9.15 earnings per share. Sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given 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 0.91%. United Rentals's dividend payout ratio (DPR) is 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.