Cambridge Investment Research Advisors Inc. Decreases Stake in United Rentals, Inc. (NYSE:URI)

Cambridge Investment Research Advisors Inc. lowered its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,343 shares of the construction company's stock after selling 957 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in United Rentals were worth $11,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in shares of United Rentals in the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Rentals in the fourth quarter worth $27,000. Meeder Asset Management Inc. grew its holdings 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 worth $29,000 after acquiring an additional 29 shares during the period. OFI Invest Asset Management bought a new stake in shares of United Rentals in the fourth quarter worth $36,000. Finally, Grove Bank & Trust bought a new stake in shares of United Rentals in the first quarter worth $36,000. Hedge funds and other institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI opened at $741.69 on Wednesday. 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 capitalization of $48.21 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.75 and a beta of 1.70. The company has a fifty day moving average of $679.22 and a 200 day moving average of $683.84. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $896.98.

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 (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.15 EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Insider Activity at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the 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 transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their position. The sale was disclosed in a legal 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 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 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 position. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on URI. Truist Financial lifted their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Redburn Atlantic downgraded United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. The Goldman Sachs Group lifted their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Evercore ISI lowered their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their price objective on United Rentals from $780.00 to $920.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $765.07.

United Rentals 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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