United Rentals, Inc. (NYSE:URI) is Glassy Mountain Advisors Inc.'s 6th Largest Position

Glassy Mountain Advisors Inc. trimmed its position in United Rentals, Inc. (NYSE:URI - Free Report) by 4.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,943 shares of the construction company's stock after selling 854 shares during the period. United Rentals accounts for approximately 4.0% of Glassy Mountain Advisors Inc.'s investment portfolio, making the stock its 6th biggest position. Glassy Mountain Advisors Inc.'s holdings in United Rentals were worth $11,245,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of United Rentals during the 4th quarter valued at about $695,716,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 886,266 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in United Rentals in the 4th quarter valued at $330,989,000. Capital World Investors grew its position in United Rentals by 17.1% during the fourth quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after buying an additional 323,636 shares during the period. Finally, Capital International Investors grew its position in shares of United Rentals by 41.0% during the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after acquiring an additional 305,491 shares during the period. 96.26% of the stock is currently owned by institutional investors.

Insider Activity at United Rentals

In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of the business'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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction on 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 transaction, the vice president owned 1,921 shares in the company, valued at approximately $1,355,957.06. This trade represents 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 insiders.

United Rentals Stock Down 0.4%

URI stock traded down $3.29 during midday trading on Friday, hitting $784.50. The stock had a trading volume of 342,929 shares, compared to its average volume of 587,529. United Rentals, Inc. has a 52-week low of $525.91 and a 52-week high of $896.98. The firm has a market cap of $50.99 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.69. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.79. The business has a 50-day moving average of $702.94 and a two-hundred day moving average of $683.11.

United Rentals (NYSE:URI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $8.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a return on equity of 33.11% and a net margin of 16.38%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $9.15 earnings per share. The firm's revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid 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 0.91%. United Rentals's dividend payout ratio is presently 18.54%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective for the company. in a report on Friday, June 13th. JPMorgan Chase & Co. increased their price objective on United Rentals from $780.00 to $920.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research report on Friday, April 25th. Truist Financial raised their price target on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Evercore ISI decreased their price target on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $766.23.

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.