United Rentals, Inc. (NYSE:URI) Stake Lessened by IFP Advisors Inc

IFP Advisors Inc reduced its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 12.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,023 shares of the construction company's stock after selling 419 shares during the quarter. IFP Advisors Inc's holdings in United Rentals were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in URI. Proficio Capital Partners LLC acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $244,000. Teacher Retirement System of Texas boosted its position in shares of United Rentals by 0.9% in the fourth quarter. Teacher Retirement System of Texas now owns 8,083 shares of the construction company's stock worth $5,694,000 after acquiring an additional 76 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of United Rentals by 44.0% in the fourth quarter. Mizuho Securities USA LLC now owns 6,219 shares of the construction company's stock worth $4,381,000 after acquiring an additional 1,901 shares during the last quarter. Sei Investments Co. boosted its position in shares of United Rentals by 16.2% in the fourth quarter. Sei Investments Co. now owns 21,629 shares of the construction company's stock worth $15,236,000 after acquiring an additional 3,021 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of United Rentals in the fourth quarter worth approximately $261,000. 96.26% of the stock is currently owned by institutional investors and hedge funds.

United Rentals Stock Up 1.9%

Shares of NYSE URI traded up $14.51 during trading on Tuesday, reaching $792.53. 838,996 shares of the stock were exchanged, compared to its average volume of 587,920. The business's 50-day moving average price is $736.90 and its 200 day moving average price is $689.14. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. 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 company has a market capitalization of $51.51 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.69.

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

United Rentals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given 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 0.90%. United Rentals's payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on URI. Redburn Atlantic cut shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price on the stock. in a research report on Friday, June 13th. Citigroup reissued a "buy" rating and issued a $810.00 target price (up from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 target price on the stock in a research report on Wednesday, April 16th. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and raised their target price for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Finally, The Goldman Sachs Group lifted their price target 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $772.77.

Insiders Place Their Bets

In other 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 transaction, the executive vice president directly owned 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction 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 owned 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 disclosure for this sale can be found here. Insiders own 0.51% of the company's stock.

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.