Duncker Streett & Co. Inc. Sells 1,720 Shares of United Rentals, Inc. (NYSE:URI)

Duncker Streett & Co. Inc. trimmed its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,855 shares of the construction company's stock after selling 1,720 shares during the quarter. Duncker Streett & Co. Inc.'s holdings in United Rentals were worth $2,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Erste Asset Management GmbH increased its stake in shares of United Rentals by 0.5% in the 4th quarter. Erste Asset Management GmbH now owns 2,794 shares of the construction company's stock worth $2,002,000 after acquiring an additional 14 shares in the last quarter. Forum Financial Management LP increased its stake in shares of United Rentals by 1.9% in the 4th quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after acquiring an additional 14 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of United Rentals by 4.5% in the 4th quarter. Global Retirement Partners LLC now owns 395 shares of the construction company's stock worth $278,000 after acquiring an additional 17 shares in the last quarter. Centaurus Financial Inc. increased its stake in shares of United Rentals by 1.7% in the 4th quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock worth $704,000 after acquiring an additional 17 shares in the last quarter. Finally, Howard Capital Management Inc. increased its stake in shares of United Rentals by 4.6% in the 4th quarter. Howard Capital Management Inc. now owns 412 shares of the construction company's stock worth $290,000 after acquiring an additional 18 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on URI. Bank of America decreased their price target on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Morgan Stanley raised 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 report on Wednesday, April 16th. Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research report on Friday, June 13th. UBS Group raised shares of 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 research report on Friday, May 16th. Finally, 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 report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $753.64.

United Rentals Stock Performance

Shares of NYSE URI traded up $11.17 during trading on Monday, reaching $716.57. 334,120 shares of the company traded hands, compared to its average volume of 585,236. The firm has a 50 day simple moving average of $676.34 and a 200-day simple moving average of $683.44. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $46.58 billion, a PE ratio of 18.55, a P/E/G ratio of 1.72 and a beta of 1.71. 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 (EPS) for the quarter, missing analysts' consensus estimates of $8.92 by ($0.06). The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The business's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $9.15 EPS. Equities research analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently disclosed 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 1.00%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

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 now owns 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 now directly owns 8,748 shares in the company, valued at $5,478,697.44. This represents 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 insiders.

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.