United Rentals, Inc. (NYSE:URI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,081 shares of the construction company's stock after selling 1,269 shares during the quarter. Cetera Investment Advisers' holdings in United Rentals were worth $17,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Forum Financial Management LP lifted its position in shares of United Rentals by 1.9% during the fourth quarter. Forum Financial Management LP now owns 749 shares of the construction company's stock worth $528,000 after purchasing an additional 14 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of United Rentals by 1.7% in the fourth quarter. Centaurus Financial Inc. now owns 999 shares of the construction company's stock valued at $704,000 after purchasing an additional 17 shares during the period. Leavell Investment Management Inc. raised its position in United Rentals by 3.6% during the 1st quarter. Leavell Investment Management Inc. now owns 515 shares of the construction company's stock valued at $323,000 after purchasing an additional 18 shares in the last quarter. Baer Investment Advisory LLC lifted its holdings in shares of United Rentals by 0.6% in the 1st quarter. Baer Investment Advisory LLC now owns 3,202 shares of the construction company's stock worth $2,007,000 after buying an additional 18 shares during the period. Finally, HBK Sorce Advisory LLC grew its position in shares of United Rentals by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 490 shares of the construction company's stock worth $307,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on URI. Bank of America lifted their price objective on United Rentals from $895.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group upped their price target on shares of United Rentals from $780.00 to $835.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Barclays boosted their price objective on shares of United Rentals from $565.00 to $620.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Truist Financial lifted their price target on United Rentals from $786.00 to $952.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI reduced their price target on United Rentals from $974.00 to $921.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $830.71.

United Rentals Stock Down 3.3%

Shares of URI stock traded down $29.40 during trading hours on Friday, reaching $853.54. 352,270 shares of the company's stock were exchanged, compared to its average volume of 663,993. The stock's fifty day moving average price is $761.99 and its two-hundred day moving average price is $699.75. The stock has a market cap of $54.92 billion, a PE ratio of 22.11, a PEG ratio of 2.03 and a beta of 1.69. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 1 year low of $525.91 and a 1 year high of $903.60.

United Rentals (NYSE:URI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $10.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $10.54 by ($0.07). The company had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $10.70 EPS. Research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current 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 issued a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. United Rentals's payout ratio is 18.52%.

Insider Activity

In other United Rentals news, VP Andrew B. Limoges sold 708 shares of the company'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 owned 1,921 shares in the company, valued at approximately $1,355,957.06. This represents a 26.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by company insiders.

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.