Union Bancaire Privee UBP SA Cuts Stake in United Rentals, Inc. (NYSE:URI)

Union Bancaire Privee UBP SA lowered its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,651 shares of the construction company's stock after selling 9,393 shares during the quarter. Union Bancaire Privee UBP SA's holdings in United Rentals were worth $8,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in shares of United Rentals in the fourth quarter worth about $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Rentals in the fourth quarter worth about $27,000. Meeder Asset Management Inc. raised its holdings in United Rentals by 241.7% in the 4th quarter. Meeder Asset Management Inc. now owns 41 shares of the construction company's stock valued at $29,000 after buying an additional 29 shares during the last quarter. Kestra Investment Management LLC bought a new position in United Rentals in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new position in United Rentals in the 4th quarter valued at approximately $36,000. Institutional investors own 96.26% of the company's stock.

Analyst Ratings Changes

URI has been the subject of a number of research reports. Bank of America dropped their price objective on shares of United Rentals from $850.00 to $750.00 and set a "buy" rating for the company in a report on Friday, March 21st. Cfra Research upgraded shares of United Rentals to a "strong-buy" rating in a report on Friday, April 25th. UBS Group upgraded shares of United Rentals from a "sell" rating to a "neutral" rating and raised their price target for the stock from $485.00 to $780.00 in a report on Friday, May 16th. The Goldman Sachs Group raised their price target on shares of United Rentals from $770.00 to $850.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Sanford C. Bernstein upgraded shares of United Rentals from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $705.00 to $666.00 in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $753.64.

United Rentals Stock Down 3.0%

NYSE URI traded down $21.83 during mid-day trading on Friday, hitting $695.09. The company's stock had a trading volume of 468,449 shares, compared to its average volume of 589,769. The company's 50 day simple moving average is $662.96 and its 200 day simple moving average is $691.40. United Rentals, Inc. has a twelve month low of $525.91 and a twelve month high of $896.98. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. The firm 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 issued 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). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $9.15 earnings per share. United Rentals's revenue was up 6.7% on a year-over-year basis. Analysts anticipate that United Rentals, Inc. will post 44.8 earnings per share for the current year.

United Rentals Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, May 14th. United Rentals's payout ratio is 18.54%.

Insider Activity at United Rentals

In related news, VP Andrew B. Limoges sold 708 shares of the company's 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael D. Durand sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $626.28, for a total transaction of $688,908.00. Following the sale, the executive vice president now directly owns 8,748 shares in the company, valued at $5,478,697.44. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

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.