Crestwood Advisors Group LLC Sells 836 Shares of United Rentals, Inc. (NYSE:URI)

Crestwood Advisors Group LLC decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,455 shares of the construction company's stock after selling 836 shares during the period. Crestwood Advisors Group LLC owned 0.05% of United Rentals worth $22,219,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in United Rentals during the 1st quarter valued at $26,000. TruNorth Capital Management LLC raised its holdings in United Rentals by 1,266.7% during the 1st quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals during the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after buying an additional 20 shares during the last quarter. Institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on URI shares. JPMorgan Chase & Co. increased their price target on shares of United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective on the stock in a research note on Wednesday, April 16th. Truist Financial increased their price objective on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Robert W. Baird lifted their price objective on shares of United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Evercore ISI reduced their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Rentals presently has an average rating of "Moderate Buy" and a consensus price target of $768.54.

United Rentals Price Performance

Shares of NYSE URI opened at $806.20 on Monday. The stock has a market capitalization of $52.40 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.97 and a beta of 1.69. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The firm's 50 day simple moving average is $736.90 and its 200-day simple moving average is $689.14. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79.

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

United Rentals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.89%. United Rentals's payout ratio is 18.54%.

Insiders Place Their Bets

In related news, VP Andrew B. Limoges sold 708 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total transaction of $499,748.88. Following the completion of the sale, the vice president 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 document filed 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 that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding URI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Rentals, Inc. (NYSE:URI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.