Praxis Investment Management Inc. Sells 380 Shares of United Rentals, Inc. (NYSE:URI)

Praxis Investment Management Inc. trimmed its holdings in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,500 shares of the construction company's stock after selling 380 shares during the quarter. Praxis Investment Management Inc.'s holdings in United Rentals were worth $940,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors lifted its position in shares of United Rentals by 17.1% during the 4th quarter. Capital World Investors now owns 2,221,228 shares of the construction company's stock valued at $1,564,722,000 after acquiring an additional 323,636 shares during the period. Geode Capital Management LLC lifted its position in United Rentals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,587,203 shares of the construction company's stock worth $1,115,142,000 after purchasing an additional 20,401 shares during the period. Alliancebernstein L.P. lifted its position in United Rentals by 16.0% during the fourth quarter. Alliancebernstein L.P. now owns 1,250,324 shares of the construction company's stock worth $880,778,000 after purchasing an additional 172,340 shares during the period. Franklin Resources Inc. grew its stake in United Rentals by 9.8% during the fourth quarter. Franklin Resources Inc. now owns 1,093,350 shares of the construction company's stock worth $770,199,000 after buying an additional 97,336 shares in the last quarter. Finally, Capital International Investors increased its holdings in United Rentals by 41.0% in the 4th quarter. Capital International Investors now owns 1,051,365 shares of the construction company's stock valued at $740,624,000 after buying an additional 305,491 shares during the period. Institutional investors and hedge funds own 96.26% of the company's stock.

Insider Transactions at United Rentals

In other news, VP Andrew B. Limoges sold 708 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the completion of the sale, the vice president now owns 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael D. Durand sold 1,100 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total value of $688,908.00. Following the transaction, the executive vice president now owns 8,748 shares of the company's stock, valued at $5,478,697.44. This trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

URI has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a report on Wednesday, April 16th. Redburn Atlantic cut United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a research note on Friday, June 13th. Cfra Research upgraded United Rentals to a "strong-buy" rating in a research note on Friday, April 25th. Truist Financial boosted their price target on United Rentals from $732.00 to $786.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Finally, Evercore ISI reduced their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $753.64.

United Rentals Price Performance

Shares of URI opened at $705.28 on Friday. 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 stock has a market cap of $45.84 billion, a PE ratio of 18.26, a PEG ratio of 1.72 and a beta of 1.70. United Rentals, Inc. has a 12-month low of $525.91 and a 12-month high of $896.98. The business has a 50-day simple moving average of $673.94 and a two-hundred day simple moving average of $685.62.

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 (EPS) for the quarter, missing the consensus estimate of $8.92 by ($0.06). United Rentals had a net margin of 16.38% and a return on equity of 33.11%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company earned $9.15 EPS. The business's quarterly revenue was up 6.7% compared to the same quarter last year. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, May 14th. United Rentals's payout ratio is currently 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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