Natixis Advisors LLC Sells 13,031 Shares of United Rentals, Inc. (NYSE:URI)

Key Points

• Natixis Advisors LLC reduced its holdings in United Rentals by 20.9%, now owning approximately 0.08% of the company, valued at about $31 million.
• Numerous hedge funds have recently modified their positions in United Rentals, with institutional investors owning 96.26% of the company's stock.
• Wall Street analysts have increased price targets for United Rentals, with a consensus rating of "Moderate Buy" and an average price target of $830.71.

Natixis Advisors LLC cut its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 20.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,463 shares of the construction company's stock after selling 13,031 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of United Rentals worth $30,998,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of URI. Fourth Dimension Wealth LLC acquired a new position in shares of United Rentals in the first quarter valued at about $26,000. TruNorth Capital Management LLC grew its stake in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after acquiring an additional 38 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of United Rentals by 241.7% during the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after acquiring an additional 29 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of United Rentals by 69.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company's stock valued at $31,000 after acquiring an additional 20 shares during the period. Finally, Grove Bank & Trust bought a new stake in shares of United Rentals during the 1st quarter valued at $36,000. 96.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the 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 owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of United Rentals from $535.00 to $571.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Truist Financial increased their price objective on shares of United Rentals from $786.00 to $952.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group increased their price objective on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Redburn Atlantic downgraded shares of United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 price objective on the stock. in a research note on Friday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $830.71.

United Rentals Price Performance

Shares of URI stock traded down $23.18 during trading on Friday, hitting $859.77. The company had a trading volume of 655,436 shares, compared to its average volume of 656,993. The company has a quick ratio of 0.80, a current ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock's 50-day moving average is $765.18 and its two-hundred day moving average is $700.65. The stock has a market capitalization of $55.32 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. United Rentals, Inc. has a 52 week low of $525.91 and a 52 week high of $903.60.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings data 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). United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the company posted $10.70 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts predict that United Rentals, Inc. will post 44.8 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's dividend payout ratio is 18.52%.

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.