Marietta Investment Partners LLC Has $276,000 Stock Holdings in United Rentals, Inc. (NYSE:URI)

Key Points

• Marietta Investment Partners LLC reduced its holdings in United Rentals, Inc. by 95.3% during the first quarter, now owning only 440 shares valued at $276,000.
• United Rentals reported earnings of $10.47 per share, slightly missing analyst estimates, but showed a revenue of $3.94 billion, surpassing expectations with a 4.5% year-over-year increase.
• The company announced a quarterly dividend of $1.79 per share, yielding 0.81%, with an ex-dividend date set for August 13th.

Marietta Investment Partners LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 95.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 440 shares of the construction company's stock after selling 9,021 shares during the quarter. Marietta Investment Partners LLC's holdings in United Rentals were worth $276,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of URI. Sei Investments Co. lifted its holdings in United Rentals by 16.2% during the 4th quarter. Sei Investments Co. now owns 21,629 shares of the construction company's stock worth $15,236,000 after buying an additional 3,021 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in United Rentals during the 4th quarter worth $27,000. Ausdal Financial Partners Inc. bought a new stake in shares of United Rentals during the 4th quarter valued at $216,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of United Rentals by 7.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 105,045 shares of the construction company's stock valued at $73,039,000 after acquiring an additional 7,465 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its stake in shares of United Rentals by 23.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 5,235 shares of the construction company's stock valued at $3,688,000 after purchasing an additional 996 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

United Rentals Stock Up 1.5%

United Rentals stock opened at $888.41 on Friday. The stock has a market capitalization of $57.75 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. 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 0.86 and a debt-to-equity ratio of 1.34. The company has a 50 day moving average of $747.81 and a 200-day moving average of $693.93.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share for the quarter, missing the consensus estimate of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.90 billion. United Rentals had a net margin of 16.11% and a return on equity of 32.01%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $10.70 EPS. On average, equities research analysts anticipate that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a dividend of $1.79 per share. The ex-dividend date is Wednesday, August 13th. This represents a $7.16 annualized dividend and a dividend yield of 0.81%. United Rentals's dividend payout ratio is currently 18.52%.

Insider Activity

In other news, EVP Michael D. Durand sold 1,100 shares of United Rentals stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $626.28, for a total value of $688,908.00. Following the sale, the executive vice president directly owned 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew B. Limoges sold 708 shares of United Rentals stock in a transaction that occurred on 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 owned 1,921 shares in the company, valued at $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 corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on URI. Barclays increased their price target on United Rentals from $565.00 to $620.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Morgan Stanley upgraded United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective for the company in a report on Wednesday, April 16th. KeyCorp upped their price objective on United Rentals from $865.00 to $960.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group upped their price objective on United Rentals from $770.00 to $850.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Truist Financial upped their price objective on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $812.64.

About United Rentals

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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