Geneva Partners LLC Lowers Holdings in United Rentals, Inc. (NYSE:URI)

Geneva Partners LLC cut its stake in United Rentals, Inc. (NYSE:URI - Free Report) by 39.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 550 shares of the construction company's stock after selling 365 shares during the quarter. Geneva Partners LLC's holdings in United Rentals were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Interchange Capital Partners LLC purchased a new stake in United Rentals in the 1st quarter valued at $227,000. Crossmark Global Holdings Inc. grew its stake in shares of United Rentals by 40.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,931 shares of the construction company's stock worth $1,837,000 after acquiring an additional 850 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of United Rentals by 50.6% in the 1st quarter. Financial Counselors Inc. now owns 10,024 shares of the construction company's stock worth $6,282,000 after acquiring an additional 3,367 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of United Rentals by 70.2% in the first quarter. TD Private Client Wealth LLC now owns 2,921 shares of the construction company's stock valued at $1,831,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of United Rentals by 16.0% during the first quarter. Envestnet Asset Management Inc. now owns 145,216 shares of the construction company's stock valued at $91,007,000 after purchasing an additional 20,053 shares in the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 transaction of $499,748.88. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the executive vice president owned 8,748 shares of the company's stock, valued at approximately $5,478,697.44. This 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 insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on URI. UBS Group raised shares of United Rentals from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $485.00 to $780.00 in a research report on Friday, May 16th. Redburn Atlantic lowered United Rentals from a "buy" rating to a "neutral" rating and set a $760.00 target price for the company. in a report on Friday, June 13th. Morgan Stanley raised United Rentals from an "equal weight" rating to an "overweight" rating and set a $702.00 price target for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their price objective on United Rentals from $920.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Truist Financial upped their price objective on United Rentals from $732.00 to $786.00 and gave the company a "buy" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $768.54.

United Rentals Stock Performance

Shares of URI stock traded down $5.47 on Friday, hitting $814.27. 603,953 shares of the stock were exchanged, compared to its average volume of 587,416. The firm's 50 day moving average is $722.31 and its two-hundred day moving average is $686.12. United Rentals, Inc. has a one year low of $525.91 and a one year high of $896.98. The firm has a market capitalization of $52.93 billion, a PE ratio of 21.08, a P/E/G ratio of 2.00 and a beta of 1.69. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

United Rentals (NYSE:URI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $8.86 EPS for the quarter, missing the consensus estimate of $8.92 by ($0.06). The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.61 billion. United Rentals had a net margin of 16.38% and a return on equity of 33.11%. United Rentals's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $9.15 earnings per share. Sell-side analysts expect that United Rentals, Inc. will post 44.8 earnings per share for the current fiscal year.

United Rentals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $1.79 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $7.16 dividend on an annualized basis and a yield of 0.88%. United Rentals's dividend payout ratio is 18.54%.

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.