Lindbrook Capital LLC Sells 461 Shares of United Rentals, Inc. (NYSE:URI)

Lindbrook Capital LLC lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 22.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,622 shares of the construction company's stock after selling 461 shares during the quarter. Lindbrook Capital LLC's holdings in United Rentals were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Rentals during the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its holdings in United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock worth $29,000 after purchasing an additional 29 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in United Rentals by 1,266.7% in the 1st 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. Fourth Dimension Wealth LLC purchased a new stake in shares of United Rentals in the first quarter worth about $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 period. Hedge funds and other institutional investors own 96.26% of the company's stock.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm'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 completion of the sale, the vice president directly owned 1,921 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the completion of the transaction, the executive vice president owned 8,748 shares in the company, valued at approximately $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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on URI. The Goldman Sachs Group raised their price target on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and increased their target price for the company from $485.00 to $780.00 in a report on Friday, May 16th. Truist Financial lifted their target price on shares of United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and cut their price target for the company from $705.00 to $666.00 in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $768.54.

United Rentals Price Performance

URI opened at $808.39 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market capitalization of $52.55 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.69. The stock's 50 day moving average price is $736.90 and its 200-day moving average price is $689.14. 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 issued its quarterly earnings data 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). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the firm posted $9.15 earnings per share. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 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.

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