United Rentals, Inc. (NYSE:URI) Shares Sold by Thoroughbred Financial Services LLC

Key Points

• Thoroughbred Financial Services LLC reduced its stake in United Rentals, Inc. by 16.7%, holding 5,785 shares valued at $3.63 million as of its latest SEC filing.
• Several institutional investors have significantly increased their positions in United Rentals, with Capital World Investors and Capital International Investors raising their stakes by 17.1% and 41.0% respectively in the last quarter.
• United Rentals recently declared a quarterly dividend of $1.79 per share, representing a 0.8% yield and an 18.52% dividend payout ratio.

Thoroughbred Financial Services LLC decreased its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 16.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,785 shares of the construction company's stock after selling 1,162 shares during the quarter. Thoroughbred Financial Services LLC's holdings in United Rentals were worth $3,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in United Rentals during the first quarter valued at about $26,000. TruNorth Capital Management LLC boosted its position in United Rentals by 1,266.7% during the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company's stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position 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 purchasing an additional 20 shares in the last quarter. Grove Bank & Trust bought a new stake in United Rentals during the first quarter valued at about $36,000. Finally, NBC Securities Inc. bought a new stake in United Rentals during the first quarter valued at about $40,000. Institutional investors own 96.26% of the company's stock.

United Rentals Stock Performance

United Rentals stock traded down $6.03 during midday trading on Thursday, hitting $855.23. 431,782 shares of the company were exchanged, compared to its average volume of 673,995. The firm has a market capitalization of $55.03 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.72. United Rentals, Inc. has a fifty-two week low of $525.91 and a fifty-two week high of $903.60. The business has a fifty day simple moving average of $777.39 and a two-hundred day simple moving average of $703.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.80 and a current ratio of 0.86.

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

United Rentals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's dividend payout ratio (DPR) is presently 18.52%.

Analysts Set New Price Targets

URI has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on United Rentals from $974.00 to $921.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Citigroup reaffirmed a "buy" rating and set a $810.00 price objective (up previously from $740.00) on shares of United Rentals in a research report on Tuesday, June 24th. Robert W. Baird increased their price target on United Rentals from $535.00 to $571.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. UBS Group increased their price target on United Rentals from $780.00 to $835.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their price target on United Rentals from $702.00 to $955.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $830.71.

Insider Buying and Selling

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $705.86, for a total value of $499,748.88. Following the sale, the vice president directly owned 1,921 shares of the company's stock, valued at approximately $1,355,957.06. This trade represents a 26.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

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.