Dakota Wealth Management Decreases Stock Holdings in United Rentals, Inc. (NYSE:URI)

Dakota Wealth Management lessened its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 34.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,723 shares of the construction company's stock after selling 1,421 shares during the quarter. Dakota Wealth Management's holdings in United Rentals were worth $1,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in United Rentals during the 4th quarter valued at $27,000. Meeder Asset Management Inc. boosted its position 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 acquiring an additional 29 shares in the last quarter. TruNorth Capital Management LLC boosted its position 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 acquiring an additional 38 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals during the 1st quarter valued at $26,000. Finally, Grove Bank & Trust purchased a new stake in shares of United Rentals during the 1st quarter valued at $36,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

URI stock traded up $15.37 during midday trading on Thursday, reaching $813.84. The stock had a trading volume of 503,708 shares, compared to its average volume of 587,649. The firm has a fifty day simple moving average of $731.23 and a two-hundred day simple moving average of $687.76. The stock has a market cap of $52.90 billion, a PE ratio of 21.05, a P/E/G ratio of 1.95 and a beta of 1.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98.

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 the consensus estimate of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. United Rentals had a return on equity of 33.11% and a net margin of 16.38%. United Rentals's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $9.15 earnings per share. As a group, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Announces Dividend

The business 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. This represents a $7.16 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's dividend payout ratio is currently 18.54%.

Insider Transactions at United Rentals

In related news, 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 value of $688,908.00. Following the sale, the executive vice president directly owned 8,748 shares in the company, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president owned 1,921 shares in the company, valued at approximately $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. 0.53% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on URI. Bank of America decreased their price objective on United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. Sanford C. Bernstein upgraded United Rentals from an "underperform" rating to a "market perform" rating and decreased their price objective for the company from $705.00 to $666.00 in a report on Tuesday, March 25th. Evercore ISI decreased their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. The Goldman Sachs Group increased their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, UBS Group upgraded United Rentals from a "sell" rating to a "neutral" rating and increased their price objective for the company from $485.00 to $780.00 in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $768.54.

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.