Foundry Partners LLC Cuts Holdings in United Rentals, Inc. (NYSE:URI)

Foundry Partners LLC lowered its stake in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,019 shares of the construction company's stock after selling 2,080 shares during the quarter. United Rentals comprises 1.2% of Foundry Partners LLC's portfolio, making the stock its 17th largest position. Foundry Partners LLC owned approximately 0.06% of United Rentals worth $23,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fourth Dimension Wealth LLC purchased a new stake in United Rentals in the first quarter worth about $26,000. TruNorth Capital Management LLC grew its holdings in United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock worth $26,000 after purchasing an additional 38 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in United Rentals in the fourth quarter worth about $27,000. Meeder Asset Management Inc. grew its holdings in 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 purchasing an additional 29 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of United Rentals by 69.0% during the first 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. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on URI shares. Evercore ISI cut their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. 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. 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. 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 report on Wednesday, April 16th. Finally, Robert W. Baird increased 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Rentals has a consensus rating of "Moderate Buy" and an average target price of $768.54.

Insider Activity

In related news, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction dated 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 directly owned 8,748 shares in the company, valued at approximately $5,478,697.44. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the company's 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.53% of the company's stock.

United Rentals Price Performance

URI traded down $8.42 during trading on Friday, hitting $808.39. 390,221 shares of the company traded hands, compared to its average volume of 586,105. The company has a market cap of $52.54 billion, a PE ratio of 20.93, a P/E/G ratio of 1.97 and a beta of 1.69. The stock's 50-day simple moving average is $736.90 and its two-hundred day simple moving average is $689.15. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $896.98. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

United Rentals (NYSE:URI - Get Free Report) last posted its 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 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% on a year-over-year basis. During the same period in the previous year, the business posted $9.15 earnings per share. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $1.79 per share. The ex-dividend date of this dividend 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%.

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.