Merit Financial Group LLC lessened its holdings in United Rentals, Inc. (NYSE:URI - Free Report) by 58.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 530 shares of the construction company's stock after selling 757 shares during the quarter. Merit Financial Group LLC's holdings in United Rentals were worth $332,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Paladin Wealth LLC raised its position in United Rentals by 21.2% during the first quarter. Paladin Wealth LLC now owns 1,257 shares of the construction company's stock worth $788,000 after acquiring an additional 220 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in United Rentals by 339.8% during the first quarter. Harbor Investment Advisory LLC now owns 1,891 shares of the construction company's stock worth $1,185,000 after buying an additional 1,461 shares in the last quarter. Gradient Investments LLC grew its stake in United Rentals by 34.5% during the first quarter. Gradient Investments LLC now owns 40,188 shares of the construction company's stock worth $25,186,000 after buying an additional 10,319 shares in the last quarter. NBC Securities Inc. acquired a new stake in United Rentals during the first quarter worth about $40,000. Finally, Czech National Bank increased its position in United Rentals by 5.4% during the 1st quarter. Czech National Bank now owns 15,000 shares of the construction company's stock worth $9,400,000 after purchasing an additional 771 shares in the last quarter. Institutional investors own 96.26% of the company's stock.
United Rentals Trading Down 3.0%
United Rentals stock traded down $21.83 during mid-day trading on Friday, hitting $695.09. 468,449 shares of the stock were exchanged, compared to its average volume of 589,769. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $896.98. The firm's fifty day simple moving average is $662.96 and its two-hundred day simple moving average is $691.40. The stock has a market capitalization of $45.18 billion, a price-to-earnings ratio of 17.94, a PEG 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 earnings per share for the quarter, missing the consensus estimate of $8.92 by ($0.06). The company 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%. The business's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.15 EPS. Analysts forecast that United Rentals, Inc. will post 44.8 EPS for the current year.
United Rentals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 1.03%. United Rentals's dividend payout ratio (DPR) is presently 18.54%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on URI shares. Morgan Stanley upgraded shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price objective for the company in a research report on Wednesday, April 16th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Citigroup lowered their price objective on shares of United Rentals from $720.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their price objective for the stock from $705.00 to $666.00 in a research report on Tuesday, March 25th. Finally, Evercore ISI dropped their price objective on shares of United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Rentals currently has an average rating of "Moderate Buy" and a consensus target price of $753.64.
Get Our Latest Stock Analysis on United Rentals
Insider Buying and Selling at United Rentals
In other United Rentals news, EVP Michael D. Durand sold 1,100 shares of United Rentals 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 now directly owns 8,748 shares of the company's stock, valued at $5,478,697.44. The trade was a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the vice president now directly owns 1,921 shares in the company, valued at $1,355,957.06. This 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 currently owned by company insiders.
About United Rentals
(
Free Report)
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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