Harbor Capital Advisors Inc. Sells 2,083 Shares of United Rentals, Inc. (NYSE:URI)

Harbor Capital Advisors Inc. reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 60.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,378 shares of the construction company's stock after selling 2,083 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in United Rentals were worth $864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in United Rentals during the 4th quarter valued at $25,000. Murphy & Mullick Capital Management Corp purchased a new position in United Rentals during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. grew its stake in shares of United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares in the last quarter. Kestra Investment Management LLC bought a new position in United Rentals during the fourth quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new position in United Rentals during the fourth quarter valued at about $36,000. 96.26% of the stock is owned by institutional investors.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred 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 sale, the vice president now directly owns 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 now directly owns 8,748 shares of the company's stock, valued at approximately $5,478,697.44. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

United Rentals Trading Down 3.0%

Shares of United Rentals stock traded down $21.83 on Friday, hitting $695.09. 468,449 shares of the company's stock traded hands, compared to its average volume of 589,769. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.92. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The firm's 50-day moving average price is $662.96 and its two-hundred day moving average price is $691.40. The stock has a market capitalization of $45.18 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.70.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 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 the consensus estimate of $3.61 billion. United Rentals had a net margin of 16.78% and a return on equity of 34.21%. United Rentals's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.15 EPS. On average, research analysts expect that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.03%. United Rentals's dividend payout ratio is 18.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on URI shares. Truist Financial lifted their price objective on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Citigroup decreased their price objective on United Rentals from $720.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group raised United Rentals from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $485.00 to $780.00 in a report on Friday, May 16th. Robert W. Baird increased their price target on United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, The Goldman Sachs Group upped their price objective on United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, United Rentals currently has an average rating of "Moderate Buy" and an average price target of $753.64.

United Rentals 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.