United Rentals, Inc. (NYSE:URI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,009 shares of the construction company's stock after selling 512 shares during the period. D.A. Davidson & CO.'s holdings in United Rentals were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in United Rentals in the 4th quarter worth approximately $695,716,000. GAMMA Investing LLC grew its holdings in United Rentals by 77,674.5% in the 1st quarter. GAMMA Investing LLC now owns 887,407 shares of the construction company's stock worth $556,138,000 after acquiring an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of United Rentals during the 4th quarter valued at about $330,989,000. Capital World Investors boosted its stake in shares of United Rentals by 17.1% during the 4th 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. Finally, Capital International Investors grew its holdings 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. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Performance

URI traded up $10.31 during trading on Wednesday, hitting $801.79. The company's stock had a trading volume of 232,127 shares, compared to its average volume of 658,030. 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 one year low of $525.91 and a one year high of $896.98. The firm has a market cap of $52.12 billion, a PE ratio of 20.76, a P/E/G ratio of 1.92 and a beta of 1.69. The business's 50 day simple moving average is $712.29 and its 200-day simple moving average is $683.99.

United Rentals (NYSE:URI - Get Free Report) last announced 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 analysts' expectations 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 for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company earned $9.15 earnings per share. As a group, sell-side analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date was Wednesday, May 14th. This represents a $7.16 annualized dividend and a yield of 0.89%. United Rentals's payout ratio is 18.54%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on URI. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research note on Friday, June 13th. Truist Financial upped their target price 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. The Goldman Sachs Group upped their target price on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Bank of America lowered their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their price objective for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Rentals currently has a consensus rating of "Moderate Buy" and a consensus price target of $766.23.

Insider Buying and Selling at United Rentals

In related news, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 0.51% of the company's stock.

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.